Hydrogen sulfide is the most common, and is extremely toxic and dangerous.

Multi-member LLC's tend to be audited a lot less that a single member LLC and because you have rental real estate, you will be filing a schedule 8825 rather than a schedule E.So while you may not have all the asset protection you want, A good multi-member LLC with a carefully drafted operating agreement and an umbrella policy, taxed as an S corp is the best shot out there for a rehabber/flipper.Your Entity structure should always start with your real estate strategy in mind and then drill down to the best structure that will solve all three issues (compliance, asset protection, tax reduction).I hope this helpsI actually have a webinar coming up in two weeks to discuss why some people may have toxic llc's[AD LINK REMOVED]

Buyers have done this to me before, and while it can irritate your seller, if you have valid points for the reduction, you'll get it your way.

Do you have any other debts that are more toxic than a mortgage (i.e. credit cards, consumer loans, personal loans, car loans, student loans, etc.).

Every lien in my portfolio is at 28% or better.You should learn how to calculate an IRR. Its

But they are going on the market soon.Yet rehabbers are toxic to banks.

Granted I would be a little irritated with a tenant telling me how things would go....

Check to make sure it's not on some sort of a toxic waste land!

I wrote a similar letter to the Treasury Dept. when the "toxic assets" where to be auction thru the TARP platform w/o inclusion of small and disadvantaged businesses.If you agree,  let's see if we can do this.

If all the partners are unable to contribute equally in the future it can turn the partners' relationship toxic.