Therefore, a person who provides assistance on a real estate transaction to a friend or relative, without compensation, does not need a license" at  http://www.idfpr.com/faq/dpr/realestatefaqs.pdf which is why I was thinking of including it.As my compensation from this transaction would solely be coming from the sale of the trust to the end tenant buyer, I presumed that I would be able to avoid the license.Thank you again for your time and comments, My goal is to get feedback from people who do this on a successful basis so that I can put myself in a position to mimic their success.Cheers,Rob  http://www.ilga.gov/legislation/ilcs/ilcs3.asp?

That way when the city looks at your proposal, the water won't be available with the property.

According to this proposed new law the Cities would be able to go after the actual Property Owner for unpaid utility bills.

We have also learned about the construction process and what exactly to put in our proposals and when to use an architectYes - a total of $100k reno. 

One reason I never had an issue with regulatory matters was due to the care taken in all written materials, any business plan, project, lending relationship, advertising or proposal never had interest rate guarantees or implications of profits.

Just had a licensed guy say I couldn't afford to pay him what he wanted for a little project I proposed; he, and rightly so, needs a good profit to show up and the little stuff doesn't have that potential.Having several places is ideal for people that want to have additional retirement resources but don't plan on having rentals be their business... but lots of PM's in my area won't touch single family and don't want small portfolios.

No matter how much screening you do or rules you have in the rental agreement, your tenants can be a contributing factor.I'd rather improve a neighborhood with involved citizens, grant money, the support of the city, and relationships with other landlords than have it legislated.

Yes @John C. you certainly have the right to propose such a clause.

@Blake BroomerWelcome fellow Pennsylvanian.It also depends on what activity that you are doing, flipping, buy and hold, rehabs, wholesale, commercial, development, etc.There are tax implications, as well as liability issues, and anonymity also.The PA Dept of State has an online file that you can check to see if the proposed name is in use.In most cases I'd recommend that the entity name not contain either you first or sur names.In any event, the best advise would be to contact a PA attorney to help decide the type of entity, your planned work and possible other parties involved. 

It is currently in the Judiciary Committee.Under the proposed law, single-member corporations, business entities with only one owner, and LLCs with five or fewer members, could represent themselves in court, through their owner or members.