For what it's worth here are my observations.........1- 80% of the information on investing in real estate being sold ranges from totally worthless to incorrect and or possibly illegal2- another 10% might work under some circumstances but either the recipient of the information needs a much more educated and experienced background than he is led to believe or the circumstances regarding the success of the method being sold are limited to a certain geographical area or a certain type of market3- the 10% of information that has value requires work, dedication, persistence, education to be used successfully.4- Certain types of individuals can self study utilizing free information available online and learn as much or more as any program or course will teach them5- most gurus are not currently successful using the methods they teach; they may have once been successful in a particular type of market or in a particular location, but they are not currently utilizing the method they teach successfully.

What percentage you have really depends on your own personal circumstances and thoughts about what the future holds.

Our exemption allows for up the 35 non-accredited investors anyway, but the group managing the projects really is separate and distinct from the fund.

But under the circumstances above, a borrower can buy three houses with $100,000 in cash, where-as they could only buy one if they did not have access to funds.

I'm always interested in others' use of multiple LLC structures.I would definitely talk to an attorney and an accountant about your particular circumstances.

Maybe this isn't a "great deal" but given the circumstances, isn't it "good enough"?

They are the same thing from the IRS' perspective;- From a legal/asset-protection standpoint, the difference is between a corporation and an LLC, and from a legal/asset-protection standpoint, the election of s-corp is meaningless.So, while I'm certainly no expert on this topic, make sure that when you talk about the differences between the two, you specify if you're referring to the tax implications (no distinction) or the legal/entity implications (likely big differences depending on statute, structure, number of owners/members, etc).

OK well if it has an HOA then that's a distinction that doesn't really matter for these purposes.

You will want to take care how you fund the 401K, how much is maintained in cash reserves, the type of real estate investing activities and even the use of leverage in a 401K.I would not say that it is certain that flipping the property will be treated as ordinary income in your case because it sounds like there are some facts and circumstances that I'm not aware of.

Time and circumstances will change peoples mind.