If you are using a conventional loan to purchase, the bank will require a title policy.If you are purchasing on a lease/option or land contract, you will want to record a memorandum of lease, lease/purchase, or if it's a land contract, you will want to record some sort of memorandum referencing the land contract that will cloud the title in the future (to your benefit).

He has obviously never done this before, uses the wrong terminology like "General Manager" (should be "Managing Member") and the Q/A is written very poorly, amateurish, way to many variables and everything benefits the Managing Members of the LLC's.

I’m willing to go out on limb and take some risk here for the benefit of the family.

You want to run your business like a business.If you have to collect a few checks in your personal name so be it but like Mike said, there are tax concerns.I'm not an accountant but that money will be taxed differently than if you received that money from your corporation AFTER expenses (stamps, paper,envelops, bandit signs, advertising, gas, business cards, seminars, etc.)are paid.Amerilawyer.com offers the benefit of reduced online pricing as well as legal counsel.

Benefits are numerous - economies of scale, easier management for multiple doors in one location, easier to have professional management (and cheaper), one loan for a multitude of doors, and the list goes on.So, is it possible to get to that goal using SFR's, yes, anything is possible, but less likely and not the best path in my opinion.

Hi:Can you explain how labels will benefit a user?

If you have positive cash flow carrying a debt there can be many benefits.

In the short term you own real property that you purchase now at low price, well below "market value"- these establish you as a local landowner and provide other credit benefits as well.

If you have completed any amount of short sales you do upfront work first to not waste time.Never take what a seller says at face value.They will tell you anything to try and get help to solve a problem but the issue is they don't know they are hurting instead of helping.The problem with sellers is at first they are motivated to do a short sale.Then as time goes on and credit is ruined and they have moved out they become emotionally detached from the property.The buyer have unrealistic time lines to close for a short sale.You need to know if your market is declining,flat,or appreciating every month.If it's appreciating or flat the benefit is to the buyer.If it is declining the benefit is to the bank because by the time it close it might have lost 5 to 10 percent of value from the contract price.Your bank actually moved pretty quick with the short sale compared to some others.A buyer and a seller need to understand it could take 3 to 6 months or longer to do a short sale.A friend of mine that is another broker in Florida has completed over 800 short sales.He is a master at them.I did residential for a few years but then moved to commercial so I haven't kept up with all the regulatory junk on the residential side.He does all residential and does not take the short sale unless the seller agrees to certain conditions from the beginning.

Since there are no tax advantages to the IRA, you lose a lot of the benefits to owning real estate.