File even though you made no money or next year that penalty will be a little over $4,000.00 or so.90 Day selection date.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Also a good caution to try and limit the time spent with buyer - agreement would likely be they can pick from a pre-selected set of options (or worst case, my partner the builder is fine with managing the coddling part)@Bryan Devitt agree, I've seen it done a lot around here as well.

I guess they wanted the glory without the grind.By the way, Keller Williams had Baylor University do a study and they found that if you make random calls into a selected area, after 12 hours of calls, give or take, you get a deal.

One LLC with multi members for rentals- IE: A partnership One LLC with multiple members for flips, potentially with S election, potentially as a specially structured partnership.The home office won't vary nor change whether it's you and your wife listed, the office deduction remains the same. 

If somebody spent $2 or $3 mil to put up some really nice new apartments someplace, then they clearly selected that location using specific parameters. 

And do we have to flow the on paper losses to all the members, or can we select the members the losses flow to?

I'm not into traveling and prefer to delegate the property selection and management to others who are more qualified than I am. 

You need to create some form of a tenant selection plan and before they apply they will know what your criteria is.. example 600 credit score 3x income etc.