I recommend that you read The ABCs of Real Estate Investing by Ken McElroy.

I hear some places want the EIN as well.Ease of piercing of the corporate veil is also argued back and forth. 

Honestly I can argue you do not need a LLC for residential real estate.

When I asked about it, Desmond replied, “I was arguing with my wife, got angry, fired off a round from my shotgun.”

Sure, you could argue that we could extend a contract as long as we'd like, but you could also argue that the original contract is void beyond the original 14-day provision.

Atmospheric rivers can be catastrophic and are just getting worse. https://environment.yale.edu/news/article/urban-heat-not-a-m... https://www.ppic.org/publication/water-use-in-california/#:~...https://www.arizonawaterfacts.com/water-your-factshttps://www.epa.gov/climatechange-science/impacts-climate-ch...https://www.usgs.gov/special-topics/water-science-school/sci...We know that the climate is changing, no one can argue that point.

i'd argue this investor did everything right... and the cash flow just wasn't as much as hoped for, because the midwest is not a panacea.https://www.biggerpockets.com/forums/48/topics/1159104-overl...how to build team is - go there in person and build a team. 

If the cost seg only creates a larger passive loss that you carry forward, I would argue it does not.  

Books: Multifamily Millions, ABC's of Real Estate, Best Ever Syndication Book, Emerging MarketsPodcast: Pillars of Wealth Creation, Bigger Pockets, Multifamily Live and so many moreCourses: Tons on Udemy and all over the placeEvents: Local groups and national conferences like Best Ever, MRIN, BPCON, etcOnce you've gone through all of that, consider hiring a coach.

My name is Daniel and I was recently told by my father to read rich dad poor dad, as well as Ken McElroy's ABC's of Real Estate Investing...