There is typically little to no benefit to incorporating in another state unless you want to be subject to more paperwork and more fees.Texas has a very strong Series LLC which I hear is highly recommended.

If i tis just the RE LLC, I would interested to hear what benefit comes from that which is above the current structure.

If in combination you only have $10k, this will mitigate the property purchases you can make which will indirectly effect your potential gross income in fix and flip situations.Once you sit down with the attorney, go sit with an accountant so you all get educated on how it all works.

The goal is to make an upfront profit, a monthly profit and a future profit without any money down or using any credit.Each state has different laws regarding Lease Options so make check to make sure it is legal in your state and you are using the proper contracts, also the benefit of an escrow/title company is they will be able to guide you but make sure you work with an escrow/title company that is familiar with The Sandwich Lease Option.Remember to be successful action is the key...Marv Rousselow

Those who engage this community in an effort to learn and/or do deals will reap the benefits.

I wouldn't count out partnership as long as I team up with a 20 year vetern general partner that I trust, and I can be a limited partner with cash flow benefits and an equity stake in the building.Right now, I am focusing on my career in finance.

You might as well make an annoying situation work to your benefit!

Bryan, I heard one of the benefits to banks with these refi's was that they wouldn't count toward their default numbers, so actually better to refi them and get them off the lists.

That would be individual benefit to the homeowner and forced loss on the lender.

I've been told that an LLC is the way to go, so that we can protect ourselves as individuals if something happens in the rental(s), and also to get the best tax benefits.