And something that generally only occurs with gross incompetence, intentional fraud, and criminal investigations.If you setup your LLC and plan on using real estate for money laundering, well guess what...Piercing the veil is not easy.

If your intention is to treat it as a corporation from the outset, then the 'great surprise' of misalignment between U.S.A. taxation and the CRA does not occur.

Normally used by those who have massive revenues and business ventures going on.Definition:holding companya company created to buy and possess the shares of other companies, which it then controls.I'm sure this wasn't your intent, based on how you asked the question. 

Basically, I'm broke af, no marketing budget, but plenty of time that could be spent making money for the right investor, with the intention to eventually partner in some larger way.

I am looking at Indy, but not as intently as a couple other cities. 

Gary Swank and Megan Clancy and they are all good people with good intentions. . .

Also, I intentionally used 15% return - which is pretty dismal for RE investments.

Short hand, the new provision basically says - if you set up one of these account and add money to it with the intention that money will go towards a down payment on your first house you will get a tax deduction.

Not much you can do, the ac was working at closing and you can’t show any intentional deception.

In your case,  I am assuming that you started a partnership to flip a property without any intention of holding a property as in investment, so the profit is not a capital gain.