The IRS has a publication on treatment for rentals.

Show your clients what you know – and how you can help them – and they’ll gladly show you their money later on.•Public speaking – This may not seem like a natural offline marketing strategy, but it has potential you may not have considered.

You need to get an agreement signed by seller showing you are merely assisting in marketing the home and are charging a commission or some other contract protecting your interests.

I would recommend putting contingencies in your purchase contract that protect you such as "subject to property be free of all liens/encumbrances/etc." meaning that clear title can be passed.Using a good house inspector will also help you avoid problems that you would otherwise not see when you go through the house yourself.Getting education and having a mentor will greatly reduce your risk as well since they will be able to let you know what mistakes they had made!

I start with data from public records.

And their name will stay out of public records.

If you're going to be in business, then I would start a LLC for a variety of reasons (asset protection being a big reason).

What's the best way to go about protecting myself when doing a SLO?

When I go to purchase my next property I was going to purchase it under an LLC for obvious protection reasons.

Hey Jason, thanks for taking time out of your busy schedule to give me some knowledgeable advice about this topic.all I need now is to know how to keep my attorney fee's down when creating these contracts lol, which I would like for my lawyer to draft so that way i'm well protected at an advantage (my lawyer charges $320 an hour, thats why I'm concerned about this issue).