If your attorney does recommend LLCs, then they need to be recognized by the state where the property is, or you have no protection (I believe, not being an attorney).

@Matt Ferch It might be hard for someone to say definitively what is right for you without knowing everything about the two of you and your business agreement but I'll give some quick outlines here and some more things to think about further down:Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

If you realize a loss, then you cannot recognize the loss on your tax return.

You separate that way but do not recognize any gain from the sale. 

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

The earlier you recognize the warning signs the more you will save yourself.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

At the end of the day, I genuinely don't understand why it's such an issue that I made multiple parts my friend.

Mark and Tamiel Kenny are actually doing a high volume of quality deals and are genuinely great people.

One huge shift I've made in leasing is recognizing that it might not be just "one" thing that is keeping your property vacant.