@Todd Powell I think your best defense is what Steve does as well as heavy due diligence in the form of social media and speaking with prior landlords. 

It sure is hard to live by all these stupid rules but I think that whatever you choose to do, it will be alright as long as you don't post it on social media.

@Moshe Bloorian BP is a social media with concentration on real estate.

Can't see the forest for the trees, and all that.)My dad is 73, and lives on Social Security - about $1,400/mo. 

The next couple days ended up approximately half the time spent going over what we already covered in Boots On the Ground: Including, Wholesale, How to use social media, What is a hashtag?!

Certainly won't protect you from fairhousing fines and penalties.Where it really protects you is if you have someone working for you and they mess up, then the financial damages would limited to the LLC, assuming you weren't part of the negligence involved.Regarding taxes, using an S Corp treatment can help with situations around self-employment taxes, which is just social security and medicare.

We are also putting 30% downOur plan is once we have the visa + social security number we can build credit then refinance with a 'standard' loan in around one year from now.My question is we have been offered 8.74% with 1.25 in borrower paid points, these points translate to a $2,811 fee added to your closing costs.  

Start working on a following with your social media platform.

I simply think it is always worth a reminder that yes, social consciousness and investing are 2 separate concepts, but you are certainly welcome to be a socially conscious investor and still achieve great ROI.

You may not be required to do so if the contractor is a corporation.You normally want to request information required to complete a 1099 such as name, address and social security number/EIN before they start the work.