You can always lean on professionals in the industry to help you learn about a new neighborhood or city but, understanding your own home town is a distinct advantage.  

Others who purchased from Clayton know that he signed the Purchase and Sale Agreement as the SELLER and made representations in all of his podcasts that his company was rehabbing all the homes and gave the distinct impression that he owned all of these properties.

@Oshi JainS-corps actually do not have a distinction of active/passive shareholders.The great thing about S-corps is that none of the income reported on line 1 of the K-1 is subject to self-employment tax.This is why a Partnership K-1 will have a line for income subject to self-employment tax while an S-corp wont have that line.With that said - An S-corp is required to pay for self-employment tax by paying a fair salary to those who did work for the S-corp.

Here is a more accurate way to describe it:I would like to buy this property as my primary residence, live in it for 1-2 years, and sell.This distinction will be important when you are getting financing for this property, and when you are considering the tax implications on any profits made from the sale of the home. 

 Co-hosting and property managing are actually distinct (legally speaking), so be careful about mixing the language. 

Hey @Ryan Crowley - PMs should be creating a monthly property statement for you, but that's distinct from, and is only one input to, bookkeeping for your LLC.

Make sure the survey marks the property line very distinctly and I would make sure I am there when they do it...pictures, and/or video would be good too.

I agree with most data points as we own properties in 26 distinct neighborhoods in Cincinnati. 

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.