I have a demanding career, family life, and hobbies that do not include home improvement. 

The previous owner was asked to claim damage on the roof, and had it replaced on their insurance policy before we took ownership.We revived a dilapidated shed into a hobby she-shed.

Data includes contact information, personal information (hobbies, interests, and anything important to them), financial/RE goals of the person, etc.- Identify and target lead sources: i.e. sphere of influence, potential sellers (i.e.

Those events will hit US overseas investors and they will want to sale their hobby resort houses on the beach as fast as possible. 

This is just the time that the hobby hosts will be separated from the business hosts  

If you want to do it as a hobby or only make a few bucks on the side, then pay cash.

Funding a pet project or hobby like James Cameron and his submarines?

I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.

With this in mind, I would defer to your attorney for more info on its asset protection effectiveness.3) The hobby loss classification would not apply to rental RE.4) It's possible it would benefit you tax wise.

Otherwise, it's just a hobby and your W2 is and will always remain your primary source of income.Treat REI as a hobby and it will pay you as a hobby.Treat REI as a business and it will pay you as a business.It may be "painful" financially, at first.