There's a few other exceptions such as a tax lawyer, but I find that a lot of folks find comfort in just having me respond to any notices that they might get.

I don't have properties outside of Huntsville and Madison here with the exception of one in Guntersville.  

Except almost everyone seemed to think the guy was crazy.   

Again, the LLC does nothing except own public securities.Here is the relevant language:Exclusion From Partnership RulesCertain partnerships that do not actively conduct a business can choose to be completely or partially excluded from being treated as partnerships for federal income tax purposes.

I tell them that in my marketing, it's in the header of my application, and we do not make exceptions.

Worked out great EXCEPT I went from paying 700/month to 1400.

Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.

Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.

I have decided to send a mailer to ALL my existing tenants informing them of this policy as my existing referred tenants have all been exceptional.

Most of my clients are at 20% with only few exceptions for very high grossing properties and clients with multiple properties with me.