I think you likely misstated/misunderstood.

i misunderstood your overall argument (because i did not read the entire post) :oops: if you're a sole proprietor, or just Joe investing in rentals and your plan is to amass many rental properties in order to build a gross monthly income of 50k a month - then financially speaking - you are probably right (again, i'm no CPA).but if someone is interested in building a business and a business reputation, offering services to the public such as rehabs, construction, rentals, commercial - an LLC or CORP offer maximum potential for growth.what do you think?

May have misunderstood.

He is a self described famous artist....he has been doing it for years now.

Okay, I misunderstood.  

I thought maybe people misunderstood the roots of the baby boom: many of us "boomers" were "oops!"

J you misunderstood.  

Thomas S.You might have misunderstood her post.

Or maybe I misunderstood you?

Heck yeah you ought to take an attorney's advice into consideration when drafting a rental agreement and I'd HIGHLY recommend getting some referrals on that as well, you want one who's well versed LOCALLY in what flies and what doesn't, which here as was explained to myself and at least one other BP member attended, plus many more (and a rather "famous" BP member at that who I recognized from her profile pic, but she certainly seems to know what she's doing with rentals and was at the same event, a "landlord bootcamp" where the local attorney who I've been told is THE BEST landlord atty to call in a crisis taught the ins and outs of this stuff) but part of what he explained was how in Milwaukee Cty the judiciary of this county of nearly 1M residents which ranges from very poor areas to very wealthy areas has mostly very liberal, left leaning judges who generally ALWAYS find any reason they can to take the tenant's side and often give some awful tenants "one more chance" much to the landlord's chagrin.