I don't think most of them are sophisticated enough to go poking around to find out who the members of the LLC are, etc.I guess I was confused by the difference between member and manager.

It is likely that a sophisticated buyer is familiar with them and therefore you will spend less time negotiating the documents.

Not we have our companies setup as S-corps, so that saves us in the short term, but eventually we will have to pay the income plus payroll taxes.  

I am just letting everyone know that I am not "brand new" but I also am not sophisticated, i do not have teams in place, etc.I recently have dedicated myself to actively finding deals and investing.

The guy was very sophisticated and I was a new investor.

Have you seen the cavaliers payroll this year?

Expense: Taxes, insurance, maintenance, make ready/turnover, landscaping, contract services, keep capital upgrades separate from ongoing repairs & maintenance, payroll, admin/office expenses, management fee.Greg Baker, MAIChief Appraiser | PartnerBearing Commercial Appraisal

Of course this could be a 506(b) deal but that would still mean you need to be a sophisticated investor and I'm not sure if you would qualify if you're not sure how to evaluate the deal.

This can lead to less work/headaches (more passive), less expense from vacancy & turn over, and more consistent rental income per unit.There are a lot more of them to choose from.Sellers are less financially sophisticated.

Hey BP, I am considering renting a property to a co-worker and would like to get rent pulled directly from his payroll into my account which he is agreeing to do.