If everyone is only responsible for their own rooms, then no one is held accountable for the common areas.

It is the tenant’s money being held for them by the PM.

@Angela Smith If you have not held the property for a year then it is short term capital gains which is taxed as earned income, or ordinary income.

Hi Matt,I used to play poker professionally and trading in the past.

You'll pay the tax on the profit from your sale (not the proceeds being held) but no penalty.

Example, 5 LLC's holding 10 properties each, held by the C-Corp. 

My best suggestion is check out some of the local REIA events held here in the Bay Area.

But that facility would be held not in the clouds but in a secured facility and insured in case of a data breach. 

It is somewhat disadvantage to be a licensed real estate broker as you are held to a higher standard and you have to disclose items you would normally not have to do without license.Whether you list the property on the MSL or not, that is up to the seller.

To do so would break the tax-sheltered status of the plan - which does not end at age 59 12/.You could potentially distribute the 25% interest held by the plan to yourself.