The success of that venture set the foundation for my career in real estate.

For that, you'll want to ensure your LLC is already set up and approved in the state where you’re operating.Most lenders are fine with the funds coming from your personal account, especially if the LLC is newly formed.

And, just maybe you’ve purchased at a point where Detroit has hit its low, bottomed out, and is set to reverse trend and grow.  

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

To off-set the depreciation recapture, it would seem reasonable for me to request a concession (e.g., more shares) that's outlined in the Operating Agreement.

Let me know if you need any tips on working with contractors or setting expectations.

@Melissa StanleyEven if you set up an LLC with a partner there is no inherent tax savings by owning properties in an LLC.

Also being able to write down/document goals I set earlier and see if they are being hit.

@Paul Choate sends out the 'invite' each month so you can follow him, or try setting up a keyword with 'OKC' or 'Oklahoma' and it will pop up in your feed.

This is why so many people earn large sums of money quickly (lottery, sports, entertainment, etc.) and end up broke.Take Dave Ramsey's Financial Peace University.