And before declare Gov. coming in to save the average John & Jane Doe, remind me how many went to prison for the '08' finance Ponzi scheme collapse?

It's a double edged sword; save a little money on taxes (in the grand scheme of things) or be able to build long term wealth by purchasing real estate.One thing you may try is asking your lender if they have a bank statement program that determines income using deposits.

Changing the colour will not have a drastic effect on the amount of repainting you will need to do.

This is not a get-rich-quick scheme. 

I'll scheme on some potential dates.

-----So back in the early aughts we had a guy here, call him Dov, who took advantage of Bush-era deregulation to run the following scheme.

Everything was going fine up until a little over a year ago, collecting rental checks, etc. when it turned out the property manager/rehabber was running the equivalent of a Ponzi scheme and most of the investors found out that none of our houses were actually ever rented or rehabbed!

Small cost of doing business in the larger scheme of things. 

Liability insurance is nothing in the grand scheme of things. 

@Bryan Moynihan In the grand scheme of things, $1,500 is cheap insurance to have a local professional do it and save you if someone were to sue the LLC (it is more common than you think) DO NOT DIY your LLC docs.