However, I have other tenants that deposit rent directly at the bank with a checkings account # that's strictly used to receive rent.

Tell the tenants that you are acting on behalf of your partner who is very strict in matters such as late payments.

Rehab much nicer than the area is used to (houses can be bought at 10-30k in this area) and sell or rent but on a very strict screening process.

I kno the laws are more strict here, so what are other creative ways of structuring deals when doing options?

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.

If you're strict about your rules and screening, you reduce your tenant pool, so you may have to accept a bit lower price.

Hey everyone,Are there any banks in the FL area that you know of that are not as strict as the big guys (wells, bank of amer, etc)?

If your business is strictly dealing in rehabs, you won't have these passive losses.

My 401(k) will not help me much there.3) Given that my plan has strict restrictions in withdrawing or rolling over this money, I was wondering whether there is any way at al to get this money out other than getting a loan, using financial hardship, or changing jobs.I have been following Robert Kiyosaki and Provision to help me decide how to best strategize my current and future wealth.

You'll get a steady diet of new stuff soon too ;-)