With all that rei entails and all of the endless tasks and expenditures we just need to focus on one thing at a time.  

Be careful with your rehab costs/budgeting, and be aware that renting a house still entails some amount of admin/upkeep work that you or your employee will have to do.

When determining whether services performed by a corporate officer are considered nominal or minor, IRS agents examine the character of the service, the frequency and duration of the performance, and the actual or potential importance or necessity of the services in relation to the conduct of the corporation's business.Example: The officer of the corporation perform only minor ministerial functions entailing a few hours work a year for the corporations.

For a condo you'd have form/file a legal condo association, and everything that entails.  

Ok, so... to be confirmed with your lawyer and accountant... when you send in the ATTD with the bulk sales notice, providing that you're doing a 1031 there will be a clearance letter sent to the buyer that says the state will assert $0 of liability, so there is no escrow.

Curious to see what the test would entail!

Because I don't know what I don't know -- can you specifically tell me what a competent lawyer does in regards to filing an LLC with SoS that gives you more protections (and what more protections entails)?

If not everyone is interested or if 15 days elapse since the TOPA notice was given by the owner, any tenant can assert his right to buy his home, but he must do so within seven days thereafter.The tenant (or tenants) have 90 days to negotiate a contract to buy, and if a contract is entered into, the buyer has another 90 days to go to closing.

That entails securing your downside, and adding the value that you see. 

No. 34] The Motion asserts that the Respondent holds a claim secured by a deed to secure debt on real property owned by the Debtor known generally as 2986 Kaley Drive NW, Kennesaw, GA 30152 (the “Property”); that Respondent’s deed to secure debt is subordinate to another deed to secure debt; and that the value of the Property is less than the amount of debt secured by the first priority deed.