. :)Hi Michael,I've spent a countless hours researching this (including reading all your cost seg related posts) as I'm in the exact similar situation and have talked to 2 CPAs and gotten contradictory feedback.

He has promised countless times over several months (5 months to be exact) to come back to us with "a proposal by the end of this week" via email on 11/28/23 and "we will get this wrapped up this week" via email on 12/11/23 - and we are already in the first week of February 2024 without a proposal and without any progress in coming to a resolution.

Don't fall for the same trap as the countless bigger pockets forum posters who came before with similar posts over strategizing and over thinking entity formation.  

My father had a rental house he sold some 25 years ago, with Seller financing.I wound up having to take the property back, as the buyer defaulted on the loan.When I went there, I saw that a tenant who had lived in the property for the past 45 years was still there.She used to pay her rent weekly and I collected rent from her personally countless times when I was growing up.She tried to hand me her money and I refused to take it.I told her that she'd paid rent there for 45+ years and I didn't want her money.

I have had countless subsidized tenants that were absolutely employable, but choose to take advantage of the system instead.

This has saved me countless hours.

If you go online, you can see countless testimonials of this guy being called a scammer/fraudster.

Not to say that many people don't make money this way, but they've done countless deals and have systems in place to fall back on.

One thing I know for sure is true, when you have something of value people with money come running cause the last thing rich people wanna see is the common guy hold onto a good thing.If you add zero value, meaning no cash, no pipeline, no teams set-up, no expertise through experience, no lender relationships - nothing then I don't care what book you read on raising capital.It's pretty simple, if you do not have money to invest yourself then get yourself educated in the process, build lender connections, start building pipelines into markets, learn skip tracing and sign up for one of the platforms that offer it (they are not free) but you'll get to search databases upon databases using countless filters for properties anywhere in the US - these are properties that are not for sale and you can directly contact the owner and develop wholesale leads. 

From there we get a countless swarm of people who chime in with the same story and everyone talks about how busy contractors are.