@Laurieann Frazier-Duarte feedback:1) How many competing rental properties have you toured to evaluate how your home compares?

$30 is what one of our employees is charged by her landlord at another property and it doesn't include lawn mowing.

Out of 2,500+ investors we have as clients, only a small handful invest as an LLC.I could see the point to an entity if a group of family members or friends were pooling their money to invest in a syndication or several syndications, but outside of that scenario I don’t see the point to it.But don’t listen to us, get competent legal and accounting advice from those licensed to give you proper advice after evaluating your legal and financial situation and risk tolerance.

There are exemptions for LLCs/Corps that employee more than 20 employees or have annual income of more than $5 million, because every body know money launderers never have more than 20 employees or make more than $5 million a year.

This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

Thanks, Nick.I just signed up for BP Pro and am getting my feet wet with the information.I appreciate the offer to help evaluate any loan products when I get to that point.

Can you evaluate repair costs? 

If you sell or transfer the property - that basis is re-evaluated at the time of the new sale  and would likely increase - making your taxes higher.  

I had 20 employees. by 2011 I had 2 and we disbanded what I am proud of though is no lender took a short sale from me..

Michael,Your signature block has the BiggerPockets logo.Are you an employee?