The meetup is actually tomorrow at 11:30am.Originally posted by @Thomas E andrews:Hey, room for one more?!

If you PM me, I can give you an e-book I have put together on this exact topic.

As most investors collect properties, they form an LLC (or multiple LLCs) that will flow through your schedule E on your personal returns.

The owner e-emailed me back and states that "the property will probably be on the market sometime in 2019. 

Schedule E of course..would there be one for for personal and one for LLC?

Hi Everyone,@Dan Heuschele, @Randy E., @Nathan G., @David G, @Bryan O., @Thomas S.

If you don’t do it the right way, then you would ha e a problem selling to the next person.

The biggest issue to me is the F&E (business income) tax you'll be subject to with the LLC. 

@Jennifer Jacobus reach out to; Becky ShinevarResidential Loan OfficerMLO #500943First National Bank of America241 East SaginawEast Lansing, MI 48823(I'm unable to attach phone and e-mail info (prohibited in forum) but feel free to contact me if you are unable to find using google search).This lender was recommended to me by another BP member and Becky and I discussed a mobile, pre HUD, that they were willing to finance. 

Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the HOA.Do the (sometimes) excessive HOA back dues increase the Cost Basis of the property that can be written off against ordinary gains or does it expense out (as passive income) on IRS Schedule E?