Offer to pay for his entity creation and a review of his taxes by an accountant instead of Turbo Tax that he must be using, because I'm unaware of any scenario where it makes sense to avoid making money due to fear of taxes - in exchange for granting you the lease option and covering those expenses could be your option fee.Rral Estate is a tax shelter...

May want to check if its restrictive due to geography Usually they want you to be in creation neighborhoods to qualify.

I see a lot of newer agents if they don't have a warm market or sphere to tap into.. they will get on a big producers team.. this can jump start you.out our way agencies have lead creation systems and will literally hand you web leads for listings or sales.My wife had taken a few year hiatus and to kind of jump start ( her normal business is referrals) but she wanted to work some leads and get going and it worked very well she made many sales and got a few listing which in this market is simply money in the bank. find your niche.. and remember 95% of agents all try the same thing.. you may want to specialize.. and commerical agents though dog tough to start if you make it.. its a really good business once your established.

Also, I just learned from an entity-creation specialist that any good lawyer in CA can simply PAY for a Statement of Information to the CA Secretary of State to get the info on managing members of an LLC.

I have a book written by the Federal Reserve Bank of Chicago describing money creation.

Making LLC creation MOOT get an umbrella policy. save the money and hassle of LLC and revisit at 10 units. unless you just want to 'play business owner', which lots of people do.

The flexibility of wealth creation via real estate is unlike anything else.

Note that when combining (asset appreciation + depreciation capture + 1031-exchange) makes real estate a very powerful tool for wealth creation that all real estate investors should be familiar with.

The mining and logging industry ranked first in job creation followed by construction; transportation, warehousing, and utilities; professional and business services; leisure and hospitality; and financial activities.All Texas metros except Brownsville-Harlingen, Victoria, Beaumont-Port Arthur, and Corpus Christi had more jobs.

Note that this case was enacted before the passive activity rules were enacted in the 1986 tax reform bill and likewise before the 1993 creation of the real estate professional designation.But at the end of the day, if you're looking for primary authority in the code or regs saying, "You don't need to be a real estate professional to claim the home office deduction for rental activities," you're not going to find it.Your best bet would be to challenge the CPA as to why he believes the real estate professional designation is necessary.