First I would like to thank everyone for all of the great information they have put on this website. It is by far the best one I have visited. I also apologize if this is not the right thread for this question.

I...

Hello there everyone,Now lets see I wanted to create an LLC for multiple reason and I needed to be clear on some of those reasons!

Isn't it possible to avoid any taxation by doing a 1031 exchange and purchasing more land or multiple properties.

A few days later, I was informed there were multiple offers and the final date to put a final offer in would be 9/24.

In fact, there's probably an excellent opportunity to sell the same properties multiple times.

The build quality can be suspect.In some markets the existing tenants have to be paid cash or offered a deal before you can convert their units.There are many code differences when you want to convert 1 apartment building into multiple units.

Think multiple tracks at the same time.

If you do not know anyone in your area personally envolved in the rental business I would find someone who owns multiple rentals and offer to take them to lunch.During that time I would let them know what your plans are, and ask if you could do some work for them in exchange for a hands on education about the rental business.

I hear it all the time on multiple podcast I listen to.

It gets difficult to explain how you and 30 of your closest friends decided to go into business together....It is best then to form multiple LLCs with 3-5 people each and what do you know... ...LLCs can JV to work on a deal.