Commissioner, where the Tax Court held that a dermatologist (who would likely not have qualified as a real estate professional by our current definition of real estate professional) was in fact engaged in a trade or business of managing his six rental units. 

So you are saying that I really don't need to engage with the General partners LLC with my LLC ?

If such type of harm befell your clients, then you most certainly could face a personal injury lawsuit down the line.C) In the event that your LLC is sued, there could be considerable questions about whether or not your LLC is created for a legitimate purpose given the level of intertwining that you are engaging in between yourself and the legal entity. 

I found Bigger Pockets 2 years ago but im shy and it took me a while to get engaged and realize that were all just students of the game of real estate and some are farther along their journey than others and that is no excuse for me NOT to network and get to know many of you on here and tap into everyone's experience and knowledge and resources to build up my rental portfolio and to help others along the way as my knowledge and experience grows over time. 

I'm also curious to learn more about raw land investing, and of course, am entirely open to the experience of others and will likely change/modify this initial shell of a plan as I learn more and gain more experience.My goal with real estate, on a broad scope, is to build wealth via passive income in order to enable a lifestyle in which my wife and I can make traditional work optional and use our time to engage in meaningful projects and endeavors to help others in need around the world.Thank you again for building such an impressive community!

@Adam Webb Without knowing the details of your market, if there is such a wide disparity, you are better engaging in a simple arbitrage trade (as you've pointed out) and buying duplexes all day long. 

I recently got engaged to my girlfriend and we are planning to buy our own home in the nest year or so.

Like I said, its definitely worth trying to engage the neighbor. 

Keep engaging on BP, listen to the podcast, and definitely read as many books as you can on REI and the mindsets that create successful investors. 

By the time I load my tools in my truck, diagnose the problem, run for parts, etc it often takes 2-3 times as long as someone who is equipped for this work.I will try to handle turning units between renters because it's a good opportunity to engage my teenage kids and pay them $x/hr for painting, cleaning and maintenance and teach them something about hard work in the process.