Even those individuals who are facing foreclosure are still concerns with me taking over on payments.

An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes.

As stated by the other individuals.....You have to value the property compared to what people are buying, not what they "Could be buying" which it seems atleast part like what you're doing.If 6/8 sold homes in a area are foreclosures, then that area is REO dominant, which means declining sales prices, and if you open up your search range, you fall into the trap of looking at other areas with higher/different values.If the properties wer $57/sf then that's what they are worth.

But, oh, how times have changed.You have two incredible gifts at your disposal: time; and access to more resources and knowledge than any individual in all of history.As my old high school coach used to say right before a game: "Boys, the biscuits are on the table."

If they sue the LLC and fail, or don't get a large enough judgment, they'll next try coming after you the individual, or contractor, or sole proprietorship...

Once at the corp level and then again at the individual level.20% returns would cetainaly be attractive to investors.

From my experience presenting offers to individuals who have a contractual agreement with a realtor is almost a waste of time for investment purposes, unless you work with a realtor who is "investor friendly" Most realtors I come across are in their own world.

Now from the tax angle think of an LLC as a lump of clay that you can mold into the type of tax planning that fits your individual situation.You can choose to have an LLC taxed in one of four ways;1.

Target Property: Development in Hollywood, This New Development of 4 Single Tri Level Loft/Townhomes, is Located near Paramount Pictures and just mere blocks away is a Future development of nearly $1 Billion.

Harrison, to my knowledge the four rule created by fannie only applies to individuals.