All the details of their business is in their SEC S-11 document at http://www.sec.gov/Archives/edgar/data/1557255/000104746912011176/a2212083zs-11a.htmFirst line of the prospectus: "Silver Bay Realty Trust Corp. is a newly organized Maryland corporation focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation.As for employees, many of these type of companies do not have any.

The organizer/member would define the initial splits of profits, losses, and capital for each member (they don't have to be equal) and the numbers can change as you or your partner contribute (time, money, management expertise, etc.) into the LLC.

Build trust and organized networks using text messages, Facebook, Yahoo, and everything at your disposal.

What's the best way to organize/start a monthly RE investing group??

The only "wholesale" type deals I did as finding one and turning it was with non-profits, a little different.The other aspect was as a lender, I din't have to find them, people found me, totally different.However, that said, wholesaling is nothing more than turning a property to another who has the intent of retailing it or renting it.

And while the NRA is disguised as a gun saftey and educational organization they are actually the mouthpiece of gun manufactures.

Those are two quasi governmental organizations that end up buying a lot of mortgage loans.

Then start organizing individual deals into a timeline.Finally there is execution.

This case arises because the members of a law firm organized as a PLLC did not adopt an operating agreement or any other documents governing the operation of the PLLC."38 pages of lawyers pissing on eachother.

An LLC is a hybird of the corporation.Here, an LLC is a form of a corporate entity, not a C-Corp, an S-Corp or a Not For Profit or Non-Profit Corporation (but I do understand that some states allow for non-profit LLCs).A single Member LLC is difficult, IMO, to maintain the distance between your personal actions and corporate actions, I'm speaking of the flavor, proving a clear difference between the two.