This means an LLC with an operating agreement specifying the IRS regulations regarding prohibited transactions, disqualified individuals, and others.

But I think it has more to do with how different individuals handle what is technically an invasion of their space and privacy.

I look forward to connecting with like minded individuals and expanding my network within the real estate community!

Quote from @Red Smith: Sheriff Sales are conducted by counties, so each county will have its own individual rule set for how the auction is conducted.

Cardone capital is way over leveraged, REITs are in big trouble, all hotel assets are suffering and these individual syndications are buying time.

I’m all ears—both success stories and lessons learned are incredibly valuable.Ultimately, I’m here to learn, share ideas, and connect with like-minded individuals who are passionate about real estate.

And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

I was thinking Form 8832 is the one, but I am confused when I get to question #3 since this entity is technically owned by more than one individual.

I have a referral I can send you, I recommend going with an individual with experience in co living rather than a traditional company who doesn't really understand the model.

The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).