I read this: "One last ownership issue I should mention: certain entities that are owned by a single person are disregarded—they don’t file a tax return and the income and expenses from the property are reported in the tax return of that sole owner.

If no participation, then 10% matches up to 10% return, disregarding Tax impact.If participation, then you can take a lower % return, if they are also participating in the property appreciation. 

In the past I've sent it along to the bank employee, whom I'm sure disregards this letter if they even see it.

To that end I wouldn't disregard the more rounded education the CCIM courses provide.

That penalty only applies if you intentionally disregard your obligation.

You really need to disregard the rule for condos since the condo fee will blow the expenses out of the water and easily erode cashflow.

Be VERY CAREFUL here as this smacks very fishy.KhaledPS - All con man SOUND like they know what they're doing so other than concrete examples of past work I'd completely disregard it

Its a little low but not enough to disregard the park.  

I'm sure you've been far more successful than me so I hope anyone reading this does themselves a favor and disregards my advise and does whatever you say. 

It has minimal capital reserves.For tax purposes, you can treat them as disregarded entities and all net flows to you.Yes, the administration is more involved than having everything in your name, but you need proper bookkeeping anyway.PM me and I can send you my notes on asset protection (primarily for buy and hold investors) that includes entity structuring, protecting the corporate veil, transferring and due-on-sale clause, when to do it, checklists, etc.