I followed the link Account Closed posted and based on my natural pettiness would be likely to pay the $30 even though I think collection probability would be low just so when their credit is pulled there is a clear scarlet letter warning future landlords this person is a deadbeat.  

Encroachment of this nature should not impede your ability to sell in securing lending for your future buyer. 

Just make sure your key points get incorporated. 

Human nature at work.

@Jillian Sidoti  there is this thing called the Howry test I learned of it when I went toe to toe with regulators in Oregon.Will leave it at that.. highly suggest you run the model by very good council first. it could be as simple as having Ms Sidoti create a custom PPM for you that incorporates your vision and business model

And naturally quit my job the next day..

Instead of a cheaper natural gas furnace you are going to be paying the electric on the space heaters.

Even though I work overseas, I am by no means off-limits to the IRS…So after that incredibly long-winded introduction, here are a few questions:In forming an LLC, or S-Corp in the wild case I find something to flip, in what state would I have to incorporate?

That you can incorporate buy and hold strategies, that wholesaling from time to time can be beneficial if not for the sole purpose of networking with other investors?

Naturally I'd also be renting the house out, but I'd like to be able to cover all costs myself to keep this plan concrete.Any thoughts?