You do not operate a trade/business - they you avoid 1099s, but neither can you use business overhead deductions.Disclaimer: you cannot simply claim to be running trade or business, it's not some checkbox election.

If the LLC purchases a property and is sued for something related to the property, chances are I would “survive” any attempt to sue me personally (absence fraud).  

Here I will breakdown each stage in the attempts to help us all become more savy investors. 

Granted, I am sure most are simply deleting their emails, but that is a big database of people that have either taken the course or raised their hand at one point to learn more about the company. all this RE training is just based on MLM  presentations and such..

Simply buy a property every year or two if you can.

And always have the ability to fire a builder and pay out for work (which is why you don't want them to front load the contract) in case they simply aren't producing.New construction seems risky. 

@Jay Hinrichs @Patrick DesjardinsWe rep and warrant all notes (both re-performing and non-performing) to be a valid lien and to be in the lien position as disclosed at the time of purchase.Our current performance warranty on re-performing notes is as follows:"In the event that a re-performing note becomes delinquent, or enters non-performing status, PPR’s Loss Mitigation Department will notify the note investor within 30-60 days and then attempt to address and correct the payment issue prior to the loan becoming 120 days past due.

If you were simply leasing the home TO an assisted living business, it would be a different story. 

It may sound funny to pay a 1031 exchange service to simply receive money for you and spend it for you, but it is essential. 

I recently sold a house and they had a home inspection and they came back with a list and I simply told the buyers , No to any price reduction or the "repairs" .