That's obviously assuming the investor can get 5 more units, but expect them to begin having conversations and testing the waters.

Do you usually include the Radon testing in your home inspections?

Legal Services of New Jersey suggests that all tenants get a signed receipt for all rent payments and only pay by check or money order.I would suggest asking them because I think they will be the most likely to bring any test case in New Jersey.

I think I have minimized my risk by purchasing it out right and then testing the market for what the property will rent for to further prove my numbers for purchasing additional houses in the area.Once it is rented I am going to work on either refinancing or getting a line of credit for the purchase of the next house.Hope this helps any new investors who commented on my thread. 

It seemed like it bottomed and then our lovely government added the stress test and tightened regulations making the Alberta market even softer. 

Scot,I have been testing it and think it would be great for a few properties. 

Oh and as far as the knowledge and education goes, the main thing that I learned while studying for the test...was how to pass the test.

Test the market.

It has been exciting but also really stressful with all the information I am expected to retain long enough to pass the test.

So, starting with LLC and testing your performance would be good before electing S-corp because S-corp comes with little administrative tasks such as payroll and its own tax returns.