Thank you for the replies.With the LLC, I've obtained an EIN and plan to get a separate business account for it in order not to comingle funds to avoid "piercing the corporate veil."

That's why I was leaning to foreclosures so I can do full cash (heloc) purchase.The other part I need to get more fluent in is how to document all of those action items in the LLC to keep the corporate veil. 

Was also looking for countertops; the stores near MSI appear to also deal MSI so it's probably just best to go to MSI . . . that is, if they'll give access to corporate pricing. 

Typically, any additional income outside of salary is considered.Sometimes if C-corporations or S-corporations hold your rental properties, the court may even decide that the retained earnings are subject to child support calculations.

If I've said it once, I've said it 1000 times: don't include a clause in your lease if you don't understand it or are unwilling to enforce it.I recommend you politely explain your perspective, then ask her to work with you to help market the property and find a new renter. 

The books are already outdated (that isn't to say there isn't any value).The minor might be interesting if you want to get a corporate job in real estate.

Even if the bias isn’t political or socio economic, writers NEED something to write about, and if there’s no new and thought provoking change in lifestyles, let’s promote one we want to be true.  

I suppose this is a good problem to have, but the liability potential has me convinced I need to speak with a proper lawyer and CPA professional.I have read through Garret Sutton's first book (Start Your Own Corporation).

Now, here is the catch: 1) You have to have to be self-employed, maybe an LLC or S-Corp, or just sole prop, but you have to have earned income in that business.

You will also need to learn how to create the corporate structure for deals with investors, and how distribution waterfalls and management fees work.