But to learn more on the cheap..I always recommend one figure out who the guru's are that are selling the systems.. most of them have written materials and CDs they give a package out to paying students.the students burn out never do anything and the next thing U know they are selling their materials on E bay for 50 bucks that they paid 10 to 25k for.. 

I think most here have been bitten by the R/E bug.1.

Originally posted by @Lynnette E.

For things like LLCs and Schedule E, the tax form is just a P&L.

Originally posted by @Derrick E.

I also have followed that same idea when purchasing out of state in Huntsville, AL and also in E TN!

Since it was just buried a month ago, I don't expect there to be much leakage, unless they damaged the 55 gallon drum.Originally posted by @Randy E.

@Lynnette E

An LLC and the associated commercial mortgage may not report on your credit, but if it's a rental it will still show up on Sch E of your taxes.

You have to be an expert on the market you're working in, on marketing, deal analysis, estimating rehab costs, etc.I do not know agency law not am I a R/E Broker or a Lawyer in New York State.