@John Whittle You sound a lot like me buddy.

This is kind of a red flag to me to hear that another party will move in or has that intention after the rental is first secured by his or her buddies.

Hi BP buddies,I am a new investor based in Manhattan. planning to purchase 1 or 2 studios to sublet.1) shall I register a LLC or purchase under my name ?

Nice to have some buddies from our area here to figure out how the market here is different from the other states :)

@Steven Hamilton IIhttp://www.realestate.com/advice/taxation-of-real-estate-flipping-26154/One of my tax buddies at my firm sent me over this article.

So, I would love to hear from my fellow Jersey people or anyone that as a comparable market that this is possible and my realtor buddy was incorrect. 

I manage a small real estate investment company based in Denver, started flipping with a few buddies in 2008, and branched off on my own in 2014.

Cheers,Buddy

@Zach G. like my buddy @Brian Burke stated - get to know the sponsor. 

I am gearing up to purchase my first rental property and I have a question regarding the best way to setup my business.I am partnering with two college buddies of mine (one lives in Seattle, the other is temporarily living in North Dakota working for a big oil and gas company).