Trust - b/c we have kidsShe did recommend going on wealth.com and creating my own (to your point @Jonathan Bock) - I'd like to see what else I might need.

The following looks at hypothetical purchases, anecdotally and in relative isolation, meaning there may be a reason (for instance to generate large tax losses for "active participation" investors to offset other income) for some individuals to undertake a particular kind of purchase.

I found myself in an ironic situation of always aspiring to be a guy that gets into REI with the goal of creating quality.

The most sophisticated professionals always go through a transition from buying generic property lists to creating their own playbooks from raw data sources.

I am in New Jersey and currently looking for a RE attorney and an accountant to start creating my team. 

Yes, selling the home will create a tax event for the seller. 

As soon as I create the LLC, I go to the bank and open a checking account, savings account and apply for a credit card in the name of the LLC.

They are a Purchase & Sale Agreement, Title Report, Power of Attorney, Disclosures, Closing Statement, Payoffs and a business card to a good attorney to get you out of the mess you will create if you try doing this on your own.But use somebody, like us, that actually knows what they are doing to learn this.

Of course I plan to have the cousin apply just as any tenant would, but would you create an entirely new lease?

They created a safe space for my tenants to screw me lol On the 5th of last month, we sent out seven 7 Day Notices.