Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

Any additional will be refunded a few weeks after the auction. 

In addition I heard that is better having one LLC for each property and one for management only.

Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

This is one of the last investments that the common man or woman can make and get ahead in life.  

Sales comparison A common method that compares the property to similar properties nearby and their relative prices.

The hard money 10% plus additional thousands in closing costs was too much to swallow. 

I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.

It's common practice in Europe, Canada, Australia but almost unheard of here in the US.