The issue was a person sold their home subject 2 and the person who bought it stopped paying.

Make sure to mention you are a BiggerPockets member as you special discounts on establishing Checkbook Control with the IRA LLC, along with personalized support.  

@Jared Goldwasseri would strongly recommend you go to Cincinnati in person. 

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

As far as the business card is concerned, to me personally I think having both things on one business card is acceptable .  

It's been 2.5 years since I purchased my first property and now that everything in my personal life has slowed down I'm back on the horse and ready to find my next investment.

You can probably meet him in person if you attend the next HH.

This is my personal opinion, which probably won't be popular.If you are worried about the cost of hiring an attorney to create a proper operating agreement for your LLC, you probably don't need an LLC, and if you choose to use an online site to create an LLC, you probably get the protection you paid for.

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%.