You will find a lot of great advice and sources of knowledge on here.Check out the podcasts, webinars and books.Good luck!

Section 306(c) of the Revised Uniform Partnership Act (1997)(RUPA) (a standard statute adopted by a majority of the states) grants LLPs a form of limited liability similar to that of a corporation:An obligation of a partnership incurred while the partnership is a limited liability partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the partnership.

They will assist in developing accurate criteria based off market analysis and procure properties leveraging sources such as the MLS, Wholesaling Partners, Direct Mail, and Referral Business.

It could take six months or longer before you make any money and if being a part time real estate agent is going to be your only source of income that may be a big problem especially being a single parent.

@Anastasia G.I have a SEP IRA SDIRA account (non LLC)@Brian EastmanI am a sole proprietor LLC non-incorporated so the Solo 401k does not apply as I don't take a salary, but thanks for the tip.

Well you can take it with a grain of salt but at the end of the day it is just a data source.

Apply for home improvement store cards as a backup source of funds for rehab supplies.

Given my estimate of rehab expenses (again, based solely on photos), ARV and associated costs, I'd pay no more than $70k retail for the deal (so not including a wholesale margin)Depending on your deal with your broker, you can most likely do better than the 6% resale commissions, right?  

And use this as proof/source of income for your mortgage?

I am looking at applying for an EIN and am not sure what type of business would be best to apply for like LLC, sole proprietorship, or others.