You may also want to review the rules for property tax reassessment while title to real property is held within a business entity like an LLC, as the rules are different than when title is held by an individual or trust.

The initial training is a 12 week program where each new investor will be told to set up an infrastructure of a legal entity, business cards, phone numbers, web pages and miscellanea, to pretend to be a real estate investor, because all this, will not really make anybody a real estate investor.

LLC is a legal entity that creates no tax benefits whatsoever and has no tax purpose.

Typically the entity is setup as a LLC and investors are members of the LLC and receive a K-1 at the end of the year.

@Micah Markowitz These are business cards, in a business entity they help you set up (all state filing fees for this entity etc... are all covered with the up front fee).

Hi All,Section 8 (and other entities) understandably require a W9.

I had already had the entity etc. setup from my prior deals etc., but things like changing it to S corp to collect a salary etc. are the small things that need to be brought up.Now figuring out what aspect of real estate do you want to invest in, that depends on you, but also recognize starting in real estate right now is like trying to sell snow blowers in florida.

You'll want to enlist a CPA who specializes in real estate, trusts, & flow-through entities (this is a somewhat rare combination to find in a small/single-member firm, you may want to look at a larger regional firm to assist you if you can't find anyone who suits you at the smaller level).

But sell the entirety. to one entity. 

I’ve noticed there typically isn’t a deadline, but the entity that owns the property will typically accept a sale once they get an offer that meets their terms, often without warning or notice