Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

I'd love to hear feedback and suggestions on what will make a good VR in that area, or are there areas I should look into.Also, I'd love to connect with agents, investors, lenders that are active in Tahoe or perhaps Reno that could help me build a team over there including contractors, cleaners, etc.

James Lindall I think your best bet might be a Line if Credit .

CA is not one of them.apartment managers that LIVE ON SITE do not need to be licensed but the rent still has to be collected through a license brokerage.. the on site manager just pass's the checks or rent to the licensed brokerage and there job is showings and day to day maintenance etc.. also referring tenant issues.. what U describe is a licensed activity.

A little bit about me and my expectations, I’m a active duty stationed in Camp Pendleton but in the next 6 months being transferred to 29 palms(both in California).

Second, don't use HELOC funds for long-term REI activities (e.g. buy and hold). 

Unlike most my age, i know that i don’t know everything, so I am actively looking for mentors that could point in the right direction and help me avoid common pitfalls that most beginners make.

If you invest in an active trade or business the incomes/gains from such activities will result in your IRA owing UBIT (Unrelated Business Income Tax).

I bet Waterbury would have been your second guess!

Do not spend too much time on this but at least know a few guys at your local REIA that are actively flipping that you can sell to when you get your first assignment. 2) Next develop your strategy, build a list of at least 200 properties to mail to.