. $1,000 paint/ozone)Total Rents               =  $1,400/mNCF w/loan              =  $  965/mDo this:ARV                         =  $180kCash in (rounded)   =  $  40kNCF                        =  $   965/mBuy in the name of an LLC, and...Split ownership into 5 equal parts worth = $45k/eachNCL Splits into the same 5 p[arts worth =  $193/m eachNow, sell off "Memberships" of the LLC based on, ...well, that's up to you.Selling the first Membership for $45k gets all of your cash back (+ $7k profit) and you get to keep $772/month CF.  

I just purchased my membership to biggerpockets and I'd like to get some sort of receipt from biggerpockets to serve as documentation for my tax deduction.  

Most of us that have any sort of success have invested in some form of education or resource during our journey, even if it's just a pro-membership at BP or picking up a couple of books from the store.

Your Pro membership allows you to post deals, services, self promotion and ads.In order to post a deal in the Marketplace, you MUST have equitable interest in the property, meaning you must own it or have it under contract. 

@Brian BertschiTools/Rental PropertyWithout a Pro membership you should be able to get 5 free calculations. 

After that, you could obtain a yearly membership or pay per meeting.

I had the same experience with REIA as it appears that you did and I did not renew my membership this year. 

The rule clarifies that the LLC’s membership must be limited to family, sets forth the application process for the exemption and notes that the exemption is not applicable to engage in conduct that loan originators are otherwise prohibited from engaging in as outlined in ORS 86A.224 and 86A.236.

@Anthony Barber I would avoid the San Antonio REIA's and the ones where you have to pay to go or buy a "membership" they are always trying to sell some boot camp or mentor-ship program.

I bet 95% of people paying for their "plus" membership or whatever it's called never have done a deal), starting in this business isn't easy.