Randy Advantages of Using a Revocable Land Trust 1.Avoids property being probated (out of court transfer upon death of beneficiary) 2.Ease of Transferability 3.Judgments do not attach to the property 4.No Partition (avoids spouse’s “forced share†sale buyout upon divorce) 5.Easier management with multiple owners (multiple owners do not have to sign docs) 6.No costs upon transferring beneficiary 7.No registered agent needed 8.Legal and Equitable property interest in trustee’s name 9.Income and Expense conduit, not a business with tax consequences 10.No tax return to file (pass thru entity) 11.Trustee has no personal liability 12.No annual fees like other entities, if trustee is an individual or friend 13.Estate planning – successor beneficiaries 14.Less expense in grantor creating trust over entity 15.Avoids the due on sale clause 16.Privacy of ownership – Helps Avoid Identity Theft of your name 17.Keep sales price private 18.Able to fracture interests of multiple owners w/o being partners 19.Ease of linkage to other asset protection entities 20.Non-judicial repossessions of real estate sold on installment contract 21.1099 not required for transfers (personal property not subject to real estate regulations) 22.Ease of operating across state lines 23.Ability to insert poison pills 24.Lots of case law to support land trust law 25.Many attorneys do not study this section of the law – not profitable for them 26.No recordation of the Trust Agreement 27.To avoid “seasoning†problems (secondary market rules of ownership) 28.To save title insurance premiums (Trustee-insured-remains the same) 29.Good negotiating technique in the sale or purchase of property (Disney World used trusts to acquire land prior to construction to avoid price escalation) 30.To provide non-recourse financing 31.Lowering of real estate taxes (prevents re-assessment) 32.Avoids state regulations that apply to corporations and LLC’s As you can see, Land Trusts are a wonderful tool for you to hide your assets, avoid real estate tax increases, privatize your sales transactions, avoid probate and use for many other benefits.

You hit it on the nose hear, low end is low end - and that does not change.

Your first option is to punch your student loan debt in the nose.  

Instant gratification, make me a millionaire next year, do deals laced with laws and regulations most here have no clue about, that's not RE.Want to learn, okay, go find some whizbang, follow them, just start doing deals, you'll learn the hard way in time I'm sure, no skin off my nose.

I definitely wouldn't turn my nose up at a market-value rent-ready property that cash-flows! 

@Michael JohnsonI was involved in a claim for a property I managed, 125 units,, was a ice, fall claim she fell knocked a tooth out.. and she got a bunch of bucks. another guy same thing busted his elbow fractured and claim. he got big bucks,, and we had salt log, snow removal log. had others saying the walks were clear.. they still got bucks..Another manager at a sister property had a tenant drown in the pool,, insurance was involved.  

The roof trusses if not inundated with dry rot and termite damage may also have lots of truss fractures caused by tradesmen not knowing where or how to walk on it or by falling branches and wind driven rain issues.Particle board sub flooring is held together with Elmers Glue.

Schedule E identifies the income as "passive" which means no SE tax.I'm sure there are other folks in the situation - but I haven't been able to find any court cases or determination letters that point to guidance.How are other folks dealing with the situation?

But still wanted to add in my two cents.I've had two experiences where my own credit score nose-dived for, imo, no reason considering the rest of my report. 

Hard nose doesn't always win, and you should look at it from his angle, if it's possible then why wouldn't you do it..