Feel free to reach out if you have questions about specific neighborhoods.

(We have fixed up 3 houses now and primaries not fix and flips and really enjoyed it) my job also works 1/2 the year so I have plenty of free time for rehabs.Option 2, just purchasing a long term rental with the cash out but this will produce a negative cash flow due to the cost to rent in the springs area and $0 down.

However, a lot of material from this book is available for free on his website.

Moving on there was something that stuck with me while being here which was “Write your declaration of independence” meaning defining what will set YOU free. 

Hello, I'm a real estate investor specializing in tax liens and deeds.

Hey @Levi Chuculate, Taking ownership draws from a fund have less to do with taxes (unless you would like to discuss the tax implications of receiving that income) and more to do with your operating agreement and bylaws.

Because housing court and violation resolutions is a daunting process.Feel free to send me a message any time with any specific questions or such or any questions about residential 1-4 fams in NYC I'll do my best to answer what I can. 

So all the rental income is passive for tax purposes. 

Not sure what state you're in but in CA I'd have to pay an extra $800 franchise tax for each LLC even if I set up the LLC in another state (I was going to do the LLC in Wyoming for anonymity using a registered agent). 

Findout what form is issued(bank) and ask the IRS where it is captured on the tax form.