Its all over the internet, so easy to find. 

And doing it on the internet is crazy.. granted some good CpAs have chimed in.. but you need to spend some money and get these answers from an attorney who specializes in these and then a CPA who understands how to set this up as well.at least IMHO.. pay for top notch advice it will be worth it in the long run. 

And I agree with that statement. your second comment on Collusion is not cool and is illegal.. that's all I was pointing out.. you never stated you did this personally and you would be foolish to do so on the internet :).And there are TON of beginners here on BP they read your post the next thing you know there down at the sale trying to collude thinking its easy money ..

Use the internet to find properties, set your goals, and educate yourself.

Whining about the internet you provide free as a courtesy?

If the rent of that 2 bedroom was $1600, that person would expect to pay $800 rent and maybe another $250 for electric, water, heat, internet for a total of $1050 all included.

I would focus on established markets that are still showing growth and have more than just one draw.Taking my main market of Tampa Metro as an example - There is more than just beaches, you also have MLB/NHL/NFL + Spring break and MLB Spring training, aquariums, golf, casino, new downtown development, and a lot of business travel.You want to avoid markets with just one draw, as if something happens to that draw, you will be hurting for who knows how long.

It was mostly hot tub, pool, W/D, internet, tv.

If it's been listed for over 100 days, everybody who has an Internet connection and invests in your market knows that property is for sale and nobody is interested in buying it at that price.

I could list so many examples of why not , but the internet isnt that big .