A line of credit can also be a useful tool to supplement your business.

I’m ending our business agreement but have not been compensated for charges for services and goods not provided.

Many expenses become business expenses.  

You’re building up an asset that you can use for buying other assets.I use this strategy with business owners quite a bit who’ve maxed out their retirement accounts.Leverage, leverage, leverage!

- Does the title and business need to be in an LLC or can just the business be in an LLC?

I’m also self-employed in another non-related industry.I’ve used Aldaris CPA for my taxes for the last 4 years – they’re awesome and local in West Seattle.He also takes care of my bookkeeping and taxes for both my real estate business and other business.

As a good investor, always always keep this in mind, especially when you get an insane deal, how is the service provider give me an insane below market deal and still keep a successful business running?

"expect my insurance goes up', 'hope the property value will increase', 'hoping for fewer problems', A business is not build on hopes and expecting.Build a budget, is the expected return more than your required return?

@Antonio BodleyThere is this website called GooglePut their name in it and research the website and you will find outIf your real estate business is all about people giving you everything you will not go very far

Notice that the article doesn’t cover asset distributions (only the exchanging of stock).I'm not doubting you, but if you google "what is an llc" you'll see sites like investopia, forbes and others that should have some credibility all with conflicting information about what an LLC is, calling it variously an "entity structure," a "legal structure," and a "business structure."