Being licensed for the last 30 yrs has been one of the smartest things I could have done as a RE investor, the advantages of access, saved commissions, and tax breaks far out weigh any potential liability being a conscientious agent.

The trouble might outweigh the advantage of the "deal."  

I am going to guess that the profit is higher, but the paperwork and hours put into organizing those structures outweigh those gains. 

It seems to me that getting started and having more properties is best, but does anyone think the downside to involving others outweighs the upside?

Hopefully, the property expenses will eventually be outweighed by the rental income, but it's ok to use your own money at first to fund the operating account.

I've never had the Sheriff remove the tenant because they've always been out just in time.It's certainly not a reason to avoid real estate investing - the benefits outweigh the problems.

They can far outweigh HML returns, but they are generally LOTS more work.

So you can set aside the "present value" of the future tax and keep the rest for yourself.Additionally, the future tax rates could change, but inflation alone should outweigh any tax implication.

Or is that just part of the risk in this, that you can only estimate so much and sometimes expenses do outweigh the profit?

Or they had judgments that far outweighed the value of the property.