It may create a problem for you later if your bank discovers the account is owned by an LLC that no longer exists.

Would anyone care to critique an add or 2 that I've created/ if so, please send an email & I will welcome your feedback.

This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.

Ask for owner financing or wholesale anything you find.I just don't recommend arbitrage to create a job for yourself.

Be aware that 5 levels of membership can create divisions within the ownership group because the same investment at any point in time can behave differently for each class of investor, so motivations may not be aligned. 

You might have a good reason to create one, but it's almost never for tax reasons."

You can rely on the experts to assist you. 

If you're investing in real estate out of your home state don't you have, at minimum, a Realtor, Contractor, Property Manager, Lawyer, etc. in the state where you're looking to create a local presence?

Your story proves that being in the game creates opportunities you can’t plan for.

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.