As for what a new breed investor is... it's simple; A new breed investor is someone who will not hesitate to take down any deal in the country, without seeing it in person, as long as it is profitable.

And grooming another person as a successful wholesaler does not guarantee ANY personal payoff to myself.

Now for the practical, real-world point of view: I can't think of any reason that you would want to make any other person a Manager of your LLC just so you can obscure your identity.

@Steven M, As a landlord who was a tenant not that long ago, I do some of the same things.

The returned check w/ a note in the memo section is acceptable evidence as a deduction, however it's much better to have an invoice from the person as well.

from my perspective as a NMLS licensed Mortgage banker... is D F won't get repealed as a whole.the govmit spent a billion dollars creating NMLS  all of us mortgage bankers or RMLO's are now registered in one federal system.. it would create massive issues between the states and feds how we operate.DF from someone who actually works in the system ( me) is a pain for sure.. we have to use this super complicated website called NMLS .. we have to do reporting quarterly that is over the top and bigger shops no doubt had to hire a compliance person as it would become a full time job.. little guys like me we just grumble  but have to comply.Wall st will dictate rates  LTVs and risk.. along with bond buyers ..

-----In one version of the bill, you could only take a 20% deduction up to the amount of wages paid, in this case $50k...they were trying to close the loophole of favoring passive owners...Originally posted by @Patrick M.:As

Most of the top financial minds in the world recommend, for the average person, a "set it and forget it" approach with low cost index funds (Unshakeable by Tony Robbins is a great book that covers this if interested).

Actually consumer debt is at record highs, currently sitting around $92,727 per person as median, $15.84 Trillion as a whole.

Per law, you can not use "section 8" as a reason for denying a person a rental.I do section 8 all the time.