The more exposure, the more offers and potential buyers.

That would mean you would only file Schedule E.As a multi-member LLC you could choose to file the partnership return instead of opting to be a QJVThat said, ask your attorney about exposure of having both of you on the LLC versus only one of you.

Nice area and the prices for SFR's are a lot lower than in my area which is a big bonus.

As for the seller's agent, if you found the house and you are the buyer (assuming you are serious), 90% of the work is done for the agent so for him/her to collect 1.5% is nothing but a bonus for them.Not all agents give up majority of their commission to brokers.

The bonus is they also appreciate and I can unload them for a profit at any time.A Few Things to Note:1) I invest in and out of state.

I actually do property mgmt for a small condo complex in the area so I have some exposure to that aspect of RE investing.

An opportunistic Hvac guy was trying to secure a bonus in the early season by selling a bunch of outdated furnaces, under the premise of "the mean old government" increasing his costs.

It is more of a place to live with a bonus of getting our feet wet in the landlording business.

Another issue, you can cover your liability exposure with an errors and ommission insurance policy, no insurance compnay will cover you without you having a professional license.Without a license, your marketing means will be limited.

There are professional business licenses provided at the state level for realtors and other professional careers, but are not required for a simple RE investment LLC, which is typically setup to primarily provide a means of limited exposure to assets.