there was a group of 8 of us that pooled money in a Cabal myself and one other were the main money guys the others put in smaller amounts and when we won one.. we would divy up interest prorata to the amount contributed.. this kept those guys from competing against us and for sure we bid up newbies .. really the only ones that would beat us were those that wanted to live in the house and would just go almost all the way to retail or above .. or someone bidding on a second thinking it was a first and no one is going to help you if you dont know what your doing.. this is a very caveat emptar bizz.

An LLC is potentially one minor factor that might contribute to the evidence that you are running your rental activity as a trade or business, but it's definitely not required that you have an LLC to qualify.

Looking forward to connecting with you all, and I hope to contribute to the community as much as I learn.Thanks,Hayat

This economic cycle is particularly detrimental to the lower middle class and is contributing the slow housing market. 

Your PALs would be suspended upon your contribution of the property.

Thank so much to all who have contributed to the conversation, I am sure its woken up a lot of people.  

I'm still really not sure what to do, so thank you very much for your contribution to this thread, I hope you'll say more.

Pricing in DFW probably means you wont live rent free,and will have to pay your fair share of normal rent, but you also get 3 more people contributing to your loan paydown and you get to keep the appreciation.Buy hey...maybe I'm wrong....go talk to a local bank or credit union near where you live and get a term sheet from them for financing. 

These factors contribute to a stable and expanding economy, which can drive demand for housing.

Mark, For all your complaints about people not contributing good advice here... you know the people you're invested with are still raising money and the fact that they've paused distributions, for any reason, is highly important information to any potential investor.