Note that CA does not recognize series LLCs, and has a pretty broad interpretation of what constitutes "doing business" in the state. 

No "trade or business" - no 1099s.The IRS definition of trade or business is flimsy, and we can debate for a long time - and never agree - whether rehabbing a property prior to it being placed in service constitutes operating a trade or business.Since issuing 1099s is a good business practice and is a very minor hassle, I would advise my client to issue 1099s anyway, to be on the safe side of compliance.

After you know your why, work backwards to establish short-term and long-term goals to help you accomplish your why.Understand what to you constitutes a great deal.

Still the question of what constitutes "considering it" and whether the buyer opened the door, and all that other causation stuff.So let me ask you, Brad: If the buyer "opened the door" (with, say, an e-mail stating that the ARV per the appraiser was too low) could the appraiser ethically defend himself from the buyer's charge by disclosing the ARV he generated?

Your participation in the activity constitutes substantially all of the participation by all individuals (including non-owners) in the activity for the year,3.

Would managing property for a family member constitute a third party relationship, if you are not officially a member of the ownership entity?

They typically have requirements like firewalls to install, what constitutes a kitchen, etc.

In case of an action, a FL court can very well not acknowledge the LLC because of conflicts...this is not to say that it will happen, but we would take it from a much cleaner approach and having things stay within states as they should.The bottom line, I would definitely not have the FL property (or any rental property for that matter) under my personal name so putting the FL property in a FL LLC (that is properly formed and maintained) is how I would approach it.I hope that helps, let us know if you have further questions.This does not constitute legal advice, it is just my opinion of a hypothetical situation.

You will quickly get an idea of what constitutes a good deal. 

Feel free to read the Federalist papers, the Constitution, and/or the Declaration of Independence and actually cite something that proves my explanation of private property rights as understood by the Founders to be incorrect, rather than just making cliche boomer complaints about young people.