I know that everyone's time is valuable so I would love to take you out for a cup of coffee if you are local to Boston or maybe help you with something else like technology, RE and etc.Thank you in advance  I would pay the $250-$500 to spend an hour on the phone with an attorney - as their advice (Especially if its a $25k or $50k investment) is a drop in the bucket.

I agree that you shouldn't spend a couple of thousand dollars on an accountant if you have two small properties.

Time Requirement.You must spend more than 750 hours in real estate activities during the tax year.And you must spend more than half of your personal service hours in real estate activities.3.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

In the process, you will be covering the tab for some nice family vacations  for whomever you hire to set up this structure.....My advice to anyone who wants to spend on anything beyond an LLC in the state in which they live or where the property is located should first be able to articulate the following:1.

To anyone reading this, ask yourself why would someone spend so much time "contributing" on blogs like this?

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

No investments on Spokane, but want to chime in and say that I am very, very bullish on Spokane after spending two weeks there in August.

I charge them what they cost me and I get a better price than anyone else because of the volume I spend.

Save every penny you make, live with room mates, drive a beat up truck, house hack distressed properties and spend all of your spare time DIY rehabbing them.