Owning properties through LLCs in their respective states avoids the need to register a foreign LLC, which adds costs and administrative requirements.If you plan to acquire properties across multiple states, you could create a parent LLC in Florida and have individual property-specific LLCs (child LLCs) in each state.

I have a good friend who has some great data on all the different neighborhoods - I am happy to share that with you.Also, if you don't have a lender already, I have some rockstars that I know like and trust.What sport do you play?

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

I’d list them each empty and individually.

VA loans are typically meant for individual borrowers, not businesses or entities.

Any individual would be out their real estate.

@Lynkeisha Dixon I’ll play devils advocate.

So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?

@Derek BuehnerThe timing of your improvements plays a big role in determining their tax deductibility.

If a claim is filed and the property is owned through an LLC the individual members are less likely to be named in the complaint and that above all else keeps the members name out of the docket.