You'll need a strong lease and you'll need to have the backbone to enforce the lease essentially dealing with your peers?.

**Steps to Start an LLC**: What are the essential steps involved in setting up an LLC for real estate purposes?

No experience with it, but I know there are franchises like Motto Mortgage, that provide mortgage in a box essentially, or check bizbuysell and see if there is an existing firm available for sale.

If you walk streets and drive 8 hours a day to net average of 1 deal per quarter @$10K assignment fee, then you are essentially working for free or for very very low compensation.

I like the projects feature available in Plus that Simple Start and Essentials doesn't have.

But you can always attempt to do 1031 and if you run out of time you just pay the taxes.I would suggest you do the math, it's not about getting the last dollar right, its about understanding the principle.

So essentially you can only put half of the property into the LLC, which might work for tax purposes (sort of), but doesn't work for liability at all since you can't usually put half of a duplex into an LLC as a separate asset.I do recommend that you keep a separate checking account just for housing expenses because it will really help you come tax time.  

Even in a syndication I don't care how many doors they have - I want to see their track record of preserving principle, returning reasonable returns, and managing their portfolio effectively and efficiently regardless of size.

But essentially, it’s costing me almost $190/sf to build the buildings.

Isn't diversification a basic principle of building and keeping wealth?