How do you communicate with your spouse the benefits of investing in rental properties when they are as conservative with money as it comes; like let's sit on $50k cash conservative?I understand that we have our own r...

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 ?

My name is Austin Lange Im 24 years yrs old, I currently work full-time at Theatrical Lighting company that works along side local 2 in Chicago to set up concerts around the city, I've been in it for about a year now and Its a great job but I dream of one day becoming my own boss and that assuredly is not the path. 

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. 

There are many factors to consider alongside cashflow, such as the investment amount (would a $2 million dollar property cash flowing 200$ a month be suitable for you?)

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