So...The ultimate goal: Out of corporate America as a full-time investor doing one or two per fix and flips per month and build a solid rental portfolio (10+ Single/Multi-Family homes and a few large commercial properties).I'm starting out with $10k-12k cash, about $10k available via lines of credit and a subpar credit report/score (subpar enough to where mortgages over $40k are pretty much out of the question).If your were in my shoes, how would you start out with REI?

One of the podcasts I listen to mentioned the possibility of large corporate investor selling off portions of their portfolios, potentially at their loss and our/the investor's gain.Has anyone read/heard the same thing?

An LLC can elect taxation as a corporation rather than as pass through, so your accountant should be consulted on the taxation pros and cons.

I have put my sales training, business sales and other skills to use for corporate for years...now its time that I try to apply those skills for me and my family.Anyone that is in the Jacksonville area and that wants to reach out....I am more than willing to help in any way that I can...I am eagar to learn!!!

There is 1 pretty much full exemption per year if you sell the property and carry back the financing as a person, trust or estate (not for corp or LLC entities).  

So, the Dodd-Frank Act does hit you after all.The SAFE  Act is incorporated into the Dodd Frank Act, so it's provisions are a part of the compliance requirement under Dodd-Frank.Next, the SAFE Act states (paraphrased) is that the Act is to cover ANY method, system, plan or other ploy implemented with the purpose of evading the intent of the Act.There is another issue in law that sees any closely held corporate structure, parent, subsidiaries, affiliates or other independent entities as being held by the same or similar beneficiaries of interests as being an affiliate relationship, they look behind the door to see who benefits.

They'd likely be a large corporation or hedge fund that would want no part of a partnership on the deal.So that might be another thing to consider.

It's so smooth it feels like one of those corporate marketing videos, which really isn't your guys' style.

Here are some of the pros and cons of each: https://ct.wolterskluwer.com/resources/guide/s-corporation-vs-llc.

I think to get a list of out of state owners (people/trusts, not corporations, but consider them) that have purchased in the last 6 to 9 months.