Form 1065 is the partnership tax return, which multi-member LLCs typically have to file unless they have elected to be treated as a corporation.Who Must File Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.You have not received income, and since you are required to capitalize your start-up costs until your real estate business actually begins, I would argue that you have not "incurred expenditures that would be treated as deductions for federal income tax purposes" and so do not have a federal filing requirement.Of course, if yours is a single-member LLC (i.e., you are the sole owner), and you haven't elected to be treated as a corporation for tax purposes, you're off the hook as far as a federal filing requirement is concerned, and you don't have to worry about any of this.This all being said, you may still have a state filing requirement depending on where the LLC was formed, regardless of whether your LLC is multi- or single-member.  

My banker comrade said, that we could open the checking account for my international friend, but the funds that would be coming to the checking account (even from a domestic wire transfer) would get frozen and it will take forever to unfreeze them.To open a bank account under LLC or Corp's name where the foreigner is the owner of the business, one will need to have a tax id #.

James Vermillion, they plan to punish with fines..the problem is the wording of the whole thing is very poor and leaves a lot of questions still...in fact, an attorney in the REIA reviewed it and supposedly (i was not present) said it was some of the worst legalese he had ever seen...for instance, the multiple crimes could be a result of bad tenants, or just the environment...a drive by may or may not be the landlords fault, but they'll still fine the landlord for that..same for a noise complaint, domestic distrubance, etc.

Has anyone ever used a Qualified Domestic Relations Order to pull all retirement accounts without penalties?

How do you deny an applicant when the denial is based on other criteria, such as a bad feeling about them (the first one mentioned domestic violence in the application and the ex already showed up to the unit while it was being worked on, saying he was going to be a tenant.

I agree about being a trailblazer in this respect, although there are already successful STR plays here, which is why I'm already using my own money to invest here (the oceanfront condo is planned for STR) and after seeing the trends around me, am willing to pitch to others on it, I watch them fill up frequently with both domestic and foreign tourists as there is very little supply of quality rentals here.You have definitely made me more deeply question my position on some things but I also have got to where I'm at, at my age by trusting my gut and I do feel good about my stance and approach to what's happening on the ground around me, in front of my eyes.

We later learned father and son were wearing matching county monitoring ankle bracelets, the son for drunk driving, the father for domestic violence against his daughter.

This reduces the risk of loan default because a buyer with more "skin in the game" is less likely to default on the payment. 3 Exceptions to the rule include:1. buying primary residence of family member, finance, spouse, or domestic partner2. buying from a landlord where you lived and can show 6 monthly payments3. buying from employer as part of a job relocation In most cases, a conventional loan will be best as loan as the borrower's income (DTI) and credit score qualifies.

Again, would love to hear about some of your tenant horror stories (ex. tenant domestic disputes, tenants making threats because of a rent issue, etc).

When someone wants to apply I send them a link to https://www.rentapplication.net where my application / background report etc is all done in one place.We have tenants who have never met me....a testament to systems.My wife and I travel domestically and internationally, I'm still able to manage our units from my laptop / cellphone.If you use a PM you'll still have to manage them and your cost will increase.