I made a very conscience decision to enter into RE and have repeatedly chosen to stay in RE despite having received some rather lucrative offers in other industries.Since I left my last corporate job, I've obtained 2 professional licenses, one of which required a heck of a lot of aggravation to lay hands on.

AND make sure you have a copy of the deed, corporation formation papers with your name on them (if company is owner) and government issued ID.The police may not want to hear anything about you being an investor owning the properties via foreclosure without written proof.

An LLC is a pass through entity for taxes, unless you elect to be taxed as a S or C corporation.

The other 7 are under my corporation with portfolio loans from local banks.I even had one bank do a 3 property blanket loan for me which was fantastic.

Hi,I've got a number of quality leads from my corporate job.

Take the resources that would chase down/harass the individual and use it take down the real tax cheats: business, from small mom & pops to giant corporations.

If something happens to me my wife won't have access to the corp or its assets or bank account.

OK - here we go...Was an assisted living facility (my great aunt died there last year :(The corporation had it listed for $249k - trying to sell it as an assisted living facility shell.Reduced the listing price to $149k.I offer $139k this morning.

I have read that there are different type of LLCs for tax purposes (C corporation, S corporation, etc).

It is not WRONG for them to be issued by landlords, it just isn't REQUIRED.Additionally, if your property management company is incorporated, or is an LLC that has opted to be treated as a corporation, you definitely would not need to issue a Form 1099.