If you are a wholesaler, the IRS considers you a dealer anyway.Reason for the LLC is liability (protect personal assets in the event of a lawsuit) and ability to have expenses offset your income.

Get your license and sign up with a broker or find an agent to work with to get these comps.Alternative sources are mostly from public records, in one form or another.

To add insult to injury the above quotes paragraph ends with "unless the United States Department of Housing and Urban Development or a court of competent jurisdiction determines that this exemption is not in compliance with the SAFE Act pursuant to Section 1508 of Title V of The Housing and Economic Recovery Act of 2008, Public Law 110-289;" so HUD can just decide that I am not in compliance and sue me for the 5 notes I have created under South Carolina law.

Any Websites, Newspapers, Magazines, Govt entities, Publications, etc.... that are considered reliable?

You are then getting 30% discount on your expenses as this is before taxes.You should put your rentals in LLCs for asset protection.

However, and this is really for the newbies out there, your margins were dangerously thin.The rule of thumb, and this is for your protection, is to buy at no more than 65% of the ARV minus the repairs.

You will have a solid management agreement keeping you protected.

These are asset protection busters.

To protect my customers and company, I had no other choice!

This is against public policy in NC under the liberally construed Real Property Marketable Title Act statue and its related case law. "...marketable record title shall not affect or extinguish the following rights... (11) Deeds of trust, mortgages and security instruments..."