As if cyber currencies don't have enough crippling problems (rampant theft, outright ICO fraud, out-of-control volatility, soaring transaction and unacceptable processing delays)...here's yet another huge fly in the ointment: pain-in-the-back-side tax liability.

Hello all: I had a scumbag contractor attempt to extort monies from me because he was terminated for theft and lying.

You might want to just start by compiling what kind of terms you are imagining in case of every possible catastrophe you can think of (death, debt, theft, lawsuit from within, lawsuit from without, members wanting to sell off their interest, etc) which may weed some out to begin with and then approach a lawyer who may have other things to offer that you should consider as well as what type of formalization you should have.

It's hard for the Landlords to argue that she abandoned the property when all her belongings were there and rent was paid up.News story: Landlord Couple Accused of Felony Theft for Dumping Tenant's Belongings

Morris who is appears is not even licensed to sell real estate is getting away with this in multiple markets.Along with what is from again what others have posted about just out right theft of rehab dollars.Not to mention the gross misrepresentation of the neighborhoods etc etc.It was bound to happen that someone of your back ground or some other folks would not take this lying down.Some on Bp posted hey this is a learning experience etc..

Two identical properties and one collects 12% tax and the other does not?

IDEAS: abuse of common areas, theft of personal & common possessions, violent behavior, assaoult of another roommate, general friction over kitchen, bathroom, laundry, storage, parking, etc.You may want to create a new post: "What issues have landlords had with rent-by-room tenants?"

The main thing I want to highlight, is that if you want to start and build your career in the RED business, you have to build your base of strategic knowledge and your identity in the RED business.

As others have stated, liability protection is the main benefit of an LLC, but you can also create an LLC structure for identity protection.

I know you're experienced with all forms of REI but I'm curious about how you initially built your customer base.Thanks mate,Started from scratch mate and what a disaster lolNo systems, messed up accounts, didn't know how to use the PM software, got investigated by the Ohio board due to an idiot scammer tenant, experienced theft from employees, embezzlement by former manager, etc...I mean, you name it and we experienced it heheCustomer base was built through Ohio Cashflow our turnkey model.With PM you really need to hit economies of scale and utilize the digital world as much as possible.Like digital lock boxes, automated showings scheduling, automated maintenance scheduling, VA's, VA's and VA's.