Just last week I created a new LLC and will be doing the S-corp tax election. 

The cycle in on the rise and I think now is the time ( Election year) before interest rates rise.

I thought thats what that meant just wasn't sure.

You didn't say what type of real estate you wanted to do.An LLC should be used as a buy and hold.An LLC with an "S corp" election should be used for wholesaling and rehabbing homes."

The Central AR Chapter of NARPM meets the third Thursday of every month for lunch in Maumelle (full disclosure, I'm the 2016 President-Elect of the chapter).  

This is my first ever house purchase and is meant as a rental house only.I have a prospective tenant who is willing to take responsibility for Trampoline and replace the grass after they leave.Do you recommend allowing trampoline in the backyard?

If you meant to say real estate professional status, then yes, you are correct.

I was thinking you meant on the 5 units or more.

Correction - I meant to ask about a house with a "cesspool" not "septic".

I'm not here to troll or flame, just occasionally talk shop, so here's not list of names and arguments, but a few points that are all screwed up here about MKE, which I will at least agree could use better leadership in many ways, but honestly the only elected official who makes clear sense to me often is our now nationally famous sheriff, but I honestly think he sees a clear path to a big time TV or radio show ahead and won't be surprised one bit if he gets it and the big $$$ that comes along as well and we'll be left with the hiding mayor, downright INSANE county board, etc its a big leadership vacuum but not a total disaster either!