This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

Plus, having a dedicated account for marketing ensures you always have funds to invest in finding your next deal.For those looking to scale their portfolios, this structure becomes even more important.

Agree with Jonathan and Jake -- timing is just as important. 

More importantly, get the high interest rate debt paid off first.

Attention to detail is important in this business.

I have a ton more to learn and am mostly just here to share your concerns, but after reading a lot of articles I'm shying away from expanding into this territory while he's in office. 

Instructions: https://support.roku.com/article/360015612834

More importantly, figure out how to significantly increase active income.

It seems often that people will dwell on books, articles, podcasts and other sources and really just need a bit of personal motivation by peers to get out there and take that risk to start gaining those Street Smarts. 

Your understanding is generally correct, but it's important to distinguish between assignment (where the wholesaler doesn't own the property) and double closing (where the wholesaler temporarily takes ownership of the property).