Or you can work with your lender to contribute the property to a new LLC after the purchase.

I have found this much easier than being a private lender. 

If someone lets say is looking for a lender for a hard to place deal are you going to refer to Lenders who are on your roster ? 

Bulldozed the house and plan to build a new house on lot in the future Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Many private and hard money lenders will refinance your investment property if the numbers make sense.

I’m planning a trip to Birmingham in the next week or so to meet with agents, build my network, and hopefully find my first deal.If anyone has experience investing in Birmingham or has recommendations for agents, contractors, or lenders, I’d love to connect!

And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...

Maryland has more likely (but still long shot) criteria.But, it is not safe to assume you won't be sued since the US has about 30 million civil lawsuits pending as I type this.And, it is against public policy to insure intentional torts.

I’ve built a solid network of contractors, hard money lenders, conventional/DSCR lenders, and property management companies that serve as my trusted boots on the ground contacts in Memphis.

When it was all said and done I still ended up being able to pull about 5 to 10k more out of it than I put into it.Current mortgage including taxes and insurance is $1,519 and it's currently rented for $2,546/month.Yes, you can buy a house at auction that you then flip and sell for market value.And yes, I have participated in online auctions.This reply is over a year old, but did you have the hard money lender you were using already in place before you bid?