Not having one will cause you to be taxed at a much higher tax rate and if you like to give more to uncle then why not.Not having a corporation will bring more liability to you and you will bring the pain home should things head south.

1 Set a realistist list price for the property2 When you reject an offer please let the agent that it listed with know why it is rejected maybe we can bring the transaction together.3 Don't make us pay out of pocket for work done on the property and expenses to maintain it.4 Don't pay a reduced commission and require a referal fee5 Understand when we say the price is to high we can back it up and will and most likely already have.6 If it is in an area that we don't work let us reject the listing without fear that this is the last call we will get.( You don't want to know how much of a pain it is to drive 60 miles to drop off "all original paperwork")7 Don't sit on offers for a week without some kind of communication.

I findly found a couple things they were good at (legal, collections, and compliance), and I psychologically decided that I was paying 8% of my gross for those things.

As for dealing with condo associations, I feel your pain.

It doesn't edit out the pain of rehabbing.

I am not investing yet because right now it is very difficult to find properties that will come even close to cash flow positive.As somone who lives in CA, Salsa, I feel your pain and that is why I look out of state to invest.

In some months you wouldn't even cash flow on the property.I can feel your pain, though.

i can see you're an entrepreneur huh.well prepare yourself for the ups and downs of being a noob.you're gonna get so gung ho on one thing in one week and a few days later, get hooked on something else.one week, you'll be wholesaling...definitely.the next week, you'll be buying, rehabing and selling...DEFINITELY.the next it will be buying, fixin and renting, refiing...WITHOUT A DOUBT.whatever you do, stick to your guns about one thing:MAKING A DECISION TO TAKE CONTROL OF YOUR LIFE, PSYCHOLOGICALLY, SPIRITUALLY, PHYSICALLY AND FINANCIALLY!!!

Having an "intern" follow them around or be around in the office might just be a pain in the rear to them.

One of the biggest psychological obstacles that I have come across since I began my investing life recently is the fear that is reflected off of my friends and family.