Its like preparing a 2nd exit strategy if things go wrong. 3 years in Real Estate is a really short time line.

You have a crap ton of forms, pay quarterly withholding/self-employment tax/payroll tax, give yourself a W-2, and so be prepared to spend money hiring a CPA and a payroll program/service.

This is in TX btw.http://www.lonestarlandlaw.com/Asset-Protect.htmlI'm making preparations to get kicked off doing mobile homes.

I'd like to be prepared and ask him any other important questions but don't want to waste his/her time.

Thank you to everyone who takes their time to offer advice on this valuable forum.

Background/Bullet Points:

San Diego duplex.
No debt.
Not a rental. Two vacation homes. Divided by a Co Ownership Agreement.

I want...

(not because they are pulling a fast one) They wanted to give the tenants a chance to get a VA loan to buy it, but they can't get financed right now.It might come down to them figuring out which they want more, husband coming home or tenants staying in place but I'm sure there's a way (albeit a creative way) to achieve both.

I've been trying to come up with creative ways to market wholesale deals.

Hi everyone,I wasn't sure whether to put this one in the buying and selling forum, or creative financing.

That our situation here too I bought two houses for rentals but got them under value because of being creative.

There technically does not need to be a partnership return prepared as a rental activity can be reported separately.