For example, if you operate two separate farms on which you grow different crops and you keep separate books for each farm, you should make two separate elections to postpone reporting insurance proceeds you receive for crops grown on each of your farms.

What game do you want to play - that is the question you must ask and then learn how to do it in and out.If you intend to be a landlord (based from your post), you need to understand landlording and more specifically, operating expenses and all expenses associated with rental units.

What is a performance group: a group of investors who communicate regularly to share operational and planning ideas, and to act as a “board of advisors” for each of its members.How it works: Gather 5 or 6 investors who are dedicated to building their business.

BTW I would be an owner/operator, using 3.5% down/FHA loan, approved in the high 900's but open to suggestions.

It takes three remotes to operate it.DonI appreciate the compliment Bryan.

Going from a 1 man (or woman) operation to a 2 or 3 man operation (incl. an assistant).

How likely do you think unforeseen negative aspects of changing a large part of how our economic society operates are if the code was so simple a monkey could do it?

So, out of that $1400 in rent, you're left with $700 in "net operation income" or NOI.

Even with 2% appreciation, fours years is not enough time to cover resale costs and operating costs in most cases.

In this case, it would depend on how the operating agreement was written, or the preferred method of the managing member.In either situation, as long as the LLC is registered and in good standing in your state, and has legal title to the real estate, then you will have the protection from liability normally provided by corporations.