BP is a great place to pick one of us.By the way - rental taxation does not depend on whether you set up a company, as erroneously suggested in one of the earlier comments.

They want to know that the worst that they can lose is their initial investment and that they ultimately can't lose their other assets.Therefore - an entity that provides them limited liability will suffice on that end.You don't want to have a C-corp because that will not facilitate growth since you will be subject to double taxation.

Jonna Weber hosts the informal Biggerpockets meetings every quarter also. 

Hey all - wondered if you all had experienced any challenges wholesaling this first quarter?

Unlike corporations, where owners may be subject to double taxation (the corporation pays taxes on corporate net income and the owner pays on any dividend income they receive), the LLC itself does not get taxed.

another thing that occurs to me is something that you should so anyway: regular inspections. quarterly, or at least semiannual inspections are a must. and make sure the tenant knows you're coming through at those intervals, because you want them on notice that you're paying attention (e.g. grow houses, broken stuff, holes in walls, etc.).

If it's less than a quarter filled, there isn't enough demand. 

However, you will be required to file a non-resident state tax return in the states that you own the properties.Proximity of your accountant isin't as important as getting the right accountant who understands real estate taxation.

When I left my position I began taking 5% management fee to finish my 40 quarters to qualify.  

My guess is that you have not been doing regular/quarterly property inspections.