Vacancy rates are higher in my town than other neighboring towns so it makes my strategy choice even more difficult I am just getting back into real estate so I am hesitant to go against the grain but my rational brain tells me it's the smart move.  

But- assuming a tenant is smart enough to know where to look and how to look at a secretary of state web address to look up registered agents...

This is a great idea @Rhonda Eaves you are really smart.

Stupid money seems smart in the short term but as history has shown, jumping into the hype and forgetting the fundamentals is a recipe for disaster.In a lot of markets, multi-family real estate markets are brewing bubbles waiting to POP!

Tim Wilkinson Dan Smith Pam Storm I am not using smart move but I think after hearing this from all three of you I am going to start.

I have been doing HML for a few years. Really enjoy it and the returns have been pretty good. Am I crazy for wanting to start a private fund for HML? I really don't know anything about it except it requires SEC paperw...

Illinois Compiled Statutes (ILCS)"Broker" means an individual, partnership, limited liability company, corporation, or registered limited liability partnership other than a real estate salesperson or leasing agent who, whether in person or through any media or technology, for another and for compensation, or with the intention or expectation of receiving compensation, either directly or indirectly:(1) Sells, exchanges, purchases, rents, or leasesreal estate

The penalties for filing incorrectly are severe so it's smart of you to be asking around about it.

Just be smart, use disclosures and be honest.Jeff

That's all I got :)Oh, and this - get smart and good, and work on bigger deals using OPM and portfolio financing whereby your credit almost doesn't matter.