The creation of a lot is very complicated."

., declaration of condominium property, bylaws, restrictive covenants, etc...) state all of the rules that apply to owning a lot in the development, the creation of the association, how the association is to be managed, and how the property is to be managed.All of these vague references actually create legal obligations on your part as the owner of the unit (even if it is a vacant lot).

The creation of the CFPB has also added the 900 pound gorilla with PMS to the mix.

Ned Carey,You are correct.Essentially interest is a way to siphon off income or equity from an entity or lower a taxable income in one place.One even better creation is the FLiP.

Can anyone speak to the effectiveness/value in the online LLC creation websites out there (ie LegalZoom)?

I am also looking to create an online platform and start a blog this year, as well as learn the ropes of website creation, SEO, and begin to establish an online business.

In my opinion that's the most important metric, return on invested capital.If you leverage your property to 100% with minimal or no cash flow you're pretty much banking on equity creation (debt reduction) or price appreciation.

My personal goal, and the goal of my company, is to provide people with the best possible chance to succeed as a long term investor.Here is one of the first books a newbie should read: "The Richest Man in Babylon"It will lay the foundation of what wealth creation is all about!

I would not go as far as to say that flipping, rehabbing, etc is not investing, but Tracey makes some very valid points and I agree.Buy and hold is the single most reason of wealth creation and when done correctly. can provide not only the net worth aspect, but a passive income stream for life whereas flipping and the like require an onging effort to retain an income stream.I think it is the very best way to start, although I also agree one should do a few "flips" (which can be a wholesale deal, sell a contract, rehab project, etc.) to gain some capital for buy and hold acquisitions and reserve accounts.

Local job creation...