For a business owner with $100,000 taxable annual income, the net tax savings for using an S Corporation instead of an LLC in taxes paid every year can be as high as $7,500.Holding PropertiesWhen holding properties as a cash flow investor, the LLC (or LP) is generally the better choice because an LLC has more liberal distribution rules.

What a liberating feeling that must be.

To add to that problem, both the City and County planners are very Liberal and DO NOT want cookie cutter neighborhood developments built.  

@Luc Boiron - Appreciation is not really profit ... at least not until you sell ... or, with a "liberal" interpretation when you re-appraise/refinance.

Keep up the great work and let us know how you finish the year out, I'm sure it'll be amazing & it should liberate some quality time you can spend with your family!

Assuming that is the case (and I am not a lawyer) and that all rules could be interpreted (liberally) to support the stance being taken, a securities attorney often provides advice and that advice ranges from you certainly should not do that (i.e. the SEC said so) to the rules can be interpreted this way but no one is sure yet to yes this certainly is within the rules.

But coming from a freezing cold, liberal mecca (haha) like Madison to that might be too much.

make it liberal Ex: if they say I can paint the house in 1 day give them 2days or replacing the doors I can do in 2 hrs give them 3Hrsthen each week they must have done what was suggested and charge them like $100 each day delay your project will be done on time.add ons are Ex: oh while i am here I can do XYX. make sure you get how much more that will be and extra time it will take.

Plus you can begin to assemble  a good team quicker that can be supported by the property.I started with 25 units, thought that was daunting and I hit the jackpot.  

Only if the more liberal qualifying ratios are needed would one use FHA with that much cash.As to which community to buy into for rental purposes, unless you find an owner financing situation, you will be limited to properties at $150,000 or less so you can put down 20% and get an investor loan.