Not to mention the costs of setting up and maintaining multiple LLCs in Delaware or whatever safe harbor to get you real liability protection.

Thanks,Kevin De Vargas, CPA

You could form the entity yourself, and it would only be an annual fee of under 300 for each partner.If this was solely in your name, and you had several, I would point you toward an attorney who specializes in forming Delaware Statutory trust.

I currently work a standard “day job” in an office (actually located in Wilmington, DE), however my goal is to begin to generate and build my wealth in other avenues outside a typical paycheck and become more financially independent/free.

If it's de titled you just but, remove, and build in most cases. 

In either case, since the husband and wife are joint owners of the LLC, tax information related to the LLC can be discussed with either spouse.Where spouses are the only owners of an unincorporated business entity and hold their interests as community property under state law, they may choose between partnership or DE status. 

Well this past weekend I was talking with one of my family members about real estate and they told me an interesting story that I thought was worthy of sharing.My family member told me they bought their first home on the border of Detroit and Dearborn back in the early 90's for $18,000 and shared it with a few of their friends.

The most affected communities are in Chester and Delaware County.

Hi Sevag,My opinion, the best best for rentals in terms of ROI and maint is the northern bordering suburbs of Detroit.

@Chance Brookins I’m in Newark DE, and am just now getting started, so reading as much as I can, and going through the forums here.