I have an Olympus DS-30 digital voice recorder that has a built in earpiece (phone calls) as well as a lapel mic (in-person conversations). 

Gotcha,,, just like to have open discourse on these subjects,  its not all wine and roses and its a fact 100% leverage is and can be a risky move in rental real estate.. to couch it as anything other than that I think personally is just not telling both sides of the equation..  

So I asked again if we could go take another seat on the couch, this time we talk numbers.

So many options, so little time (I say that as I sit here on the couch in a sling from shoulder surgery with nothing but time haha)

I have three questionsThe first question I have is at what point do you set up a business entity so that your rental properties can be couched within that entity?

I only began a month ago and I am currently in the stage of educating myself before making any major moves.I have three questionsThe first question I have is at what point do you set up a business entity so that your rental properties can be couched within that entity?

I acquired an 8 plex last month with an existing chicken coop, as well as some partially burnt couches and recliners.

You say it is in fact not a step transaction and later you admitted thatit is a step transaction to George, but couched it in terms of how goverment ineptitude negates and risk. 

When I was house hacking back in the day (long before the term “house hacking” existed, we just called it a flop house then), I rented to both friends and strangers at different times and had a MUCH better experience with my friends. 5 years with friends, never had a single issue: no late rent payments at all and no drama even with 8 of us and 4 dogs in a 4/3 sharing a tiny kitchen, usually with a few dirt bag climbers couch surfing or crashing in their vans outside too.

Some events are more educational (Victor will often spend a good amount of time standing at the front with a mic asking and answering questions) but provide less opportunity to network, while others like REI on Tap are more relaxed and open for everyone to move around and talk freely among each other.