In reality, the city is dangerous and slummy and visitors discover that the streets are not lined by local stars and the scent of orange blossoms but panhandler, druggies and the occasional waft of urine.The big ticket, get-you-while-you're-on-a-high seminars might offer some content, however when we're new, we're in overwhelmed mode still trying to understand how real estate (or any other) business works.

Do not invest in any city on Neighborhood Scouts' list of the 100 most dangerous US cities.Low operating cost - High operating costs can turn what appears to be a profitable property into a money pit.

1) You would be living very dangerously with such a deal, unless you have plenty of reserves. 2) A big part of the problem is using a loan, becoming a slave to the lender - you do all the work and have most all of the liability, they have enough of a down payment that they have little risk.

But sometimes too little knowledge makes people dangerous, they often rigidly act on rote or hearsay rather than facts.

“The courts apparently agree that the meaning of the words "trade or business" is uniform throughout the Code provisions here considered…No court has made an explicit distinction between a "trade or business" authority under one section of the Code and another under a different section.

Except in my case, I own 100% of both companies, although I will say they are very distinct operations; I'll also add that there is a legitimate need for an office for my S corp, whereas the LLC is a small rental portfolio that doesn't need an office.

He holds the distinction of being the youngest licensed agent in the State of Florida when get got licensed.

No, a CPA with an IQ over 70 will know how dangerous it is to publish this "opinion".  

I think it's dangerous to try to attach emotional ideas for why a market does or doesn't value something, but like I said I don´t have a great reason. 

The court will pierce the veil when the LLC is being used to do something illegal or if there is no real distinction between the owners and the LLC.