[Source: National Association of Home Builders]Demand: The chart below illustrates the steady increase in household formation, a key driver of housing demand.

While education and information are plentiful in today's age, that doesn't mean it's in a format that best serves you.

The workshops have had to change formats due to COVID lockdowns.

Not only do you have to educate yourself on all of the ins and outs of the tax code so you know exactly what you are righting off and whether it qualifies (assuming you aren't already a tax expert), but you also need to make sure the cost segregation report is formatted perfectly, otherwise it could be flagged by the IRS.

One is formatted around the property being paid for in cash and the other is formatted around the property being paid for with leverage, specifically 20% down.

Dave T, as a "limited partner", is this is formation created by a contract between me and on the flipper?

I know there are far better skilled people and companies that have taken information from multiple sources and put it together in and easy to digest format.    

The bank will want to see your formation docs to know that the LLC is essentially a pass through entity and held by who you say it is.  

I don't mean to discourage you from forming an LLC, but there are real costs, beyond formation.

These are all just excuses for following the same format that everyone else does.