Hey Alla - its great to have more CPAs to keep our investors books straight.

Having had svevral LLCs and acting extensively in various corporate structures, "we" determined that a significant issue would be authorizations to negotiate and execute any contract, purchase more than $1,000.00 in materials, open any bank account and specify those authorized to conduct banking business, or order any service that will cost more than a reasonable cut-off amount, mine was usually $250.00.A special meeting is called as provided for in the Operating Agreement and you simply state in the Book of the Minutes the date and time for the meeting, purpose for the meeting, and that unanimous consent ( a one person LLC)was given by Member(s) to conduct such business.

I really don't want to do rental property, I'm looking more at Flipping houses and really need some guidance, if you have any advice, I'll love to hear it or a great book that I can start with.Thanks

Liz,One suggestion that I heard recently was that if you aren't sure about some of the books, tapes, videos, etc. being offered, you may be able to take a look through them at your local library.

Also, I am sure there are plenty of real estate accounting books that can help you.

Anyone who's going places knows or should know that you should always save at least 5% of your income to invest in books, courses and educational training.

Unlike many other sites, we don't try to shove courses, books, and other "guru" material to our investors.

I have read a few different books on investing.

So if you can't find the original deed then you can check out the plat books and get a ball park idea of how old the house is.

Feel free to ask questions, and i have a bunch of books i can recommend to help you too!