@Russell Fugitt I don’t think that the Dodd-Frank act would apply much here unless you were creating a mortgage but I’m not an attorney so I’m not sure.

I invite you to Google "Creating a LLC or S Corp in _____," "Division of Corporations in _____," or another phrase.

I’m personally not a big fan of creating any crazy structures for most real-estate matters.

And after deciding that buying a B&B by the beach somewhere to put my new culinary degree to work would be too confining, I decided to use that money to create passive income.

Goals-Short term Create a property management firm Buy two properties to rehab and sellBuy one property to rehab and rent out Build a house on my dads property to rent out- Long TermCreate monthly passive income that matches my monthly W2 income Employ at least 3 family members with my property management firm Eventually retire from a W2 job and become a full time real estate investor I realize that i am young and dumb.

With this, a few questions came up...1- In general, is there a basic "check list" to creating a solid partnerships? 

I also think the idea you have for the design is really clever, you would save cash while creating a unique look. 

I know it is illegal to discriminate, but has anyone purposely created a STR for physically handicapped vacationers?

Hopefully, it will create a lot of good posts of success that we can all be inspired by!

We have had tenants create accounts on here and respond back to the very thread a landlord posted about them.I recommend setting your profile to not show your full last name at a minimum.