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

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.

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.

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.

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.

@Mae Dungo I personally think that spending almost $20k is an exorbitant amount of money for a mentor.

You may have to spend a few bucks to install a camera, and stipulate in  the lease they use only their can.

I'm spending at least 20-25 hours a week "managing" Suncoast Property Management.