Also, in CCA 201436049 (not precedent but a good indication of where the IRS stands), the IRS refused to apply the limited partner exception to an LLC’s active owner but implicitly accepted its application to an inactive owner.Given the state of the law, those who wish to have certainty in avoiding SE tax should consider conducting business through a limited partnership, either directly or through an LLC owned by the limited partnership.

I asked Josh if he could merge the posts from my old Syndication Group with this new forum so that we can hopefully add to the recent uptick in activity.

I'd like to see it in action prior contacting a sales rep, so that I'll know what questions to ask the sales rep.

And speaking more analytically, does anyone have a SPREADSHEET that puts such a plan in action (at least in Excel), making reasonable assumptions, to prove that the numbers would work?

See if you can meet them at their flips so you can see the business in action.

Thanks for the reply @Jay Hinrichs do check state laws you must be a licensed foreclosure consultant to be negotiating with someone in foreclosure.. like in WA this is a felony.. if the owner has it listed for sale and your a cash buyer that's one thing.. but seeking them out and trying to do a sub too.. you best check into how that works..I did a lot of this until the new laws were in acted in 2007 and they are severe if you run afoul.. 

Unfortunately the only meetings I've found through Google, the REIA website, and meetup.com have been inactive for quite some time.

BROKER reserves the right to terminate this agreement with 30 days written notice to LANDLORD at any time, or, immediately with written or verbal notice if in the opinion of BROKER'S legal counsel, LANDLORD'S actions or inactions violate the terms of this management agreement or are illegal, improper, jeopardize the safety or welfare of any TENANT(S) or other persons, interfere with this management agreement and/or a foreclosure action is filed against the LANDLORD.

Yes, I'm retired, I believe that is mentioned in my profile, you probably overlooked that, retired doesn't mean inactive in RE, it means I don't have to work, that I don't do a 9 to 5, that I don't have to do much as others do things for me, it also means I don't need to do business with anyone I don't want and along with that, it means if someone sends me a snide PM, I can brush them off!

However I'm pretty inactive right now.