Unlike corporations, where owners may be subject to double taxation (the corporation pays taxes on corporate net income and the owner pays on any dividend income they receive), the LLC itself does not get taxed.

I doubt he'd be trying this of he was renting in a large complex with corporate type management.

Feel free to message me regarding several tactics to check, manage & raise both business/corporate and personal/spouse credit scores, John

I currently work a corporate job but have always told myself that I will be a millionaire by the age of 40.

In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.

I currently work in corporate America, although I love it, I have the urge to start pursing my dream.

To give some background, I work in public accounting as a tax CPA who automates corporate tax calculations with technology.

Any person, partnership, association, corporation, entity, or their regular employees, who as owner or lessor perform any of the acts enumerated in §§ 54.1-2100 and 54.1-2101 with reference to property owned or leased by them, where the acts are performed in the regular course of or incident to the management of the property and the investment therein."

After getting burnt out at a corporate job, I've decided to pursue real estate full-time.

I have my bookeeper file for every contractor vendor etc I pay over $600 unless they are a state registered corporation.