I don't regret all the life-consuming work I put into single family homes and property management because it was how I HAD to get started (ZERO $ CAPITAL and total care responsibility for our long awaited newborn daughter back in 1998)IF I had the capital back then, I probably would have done maybe 2 rehabs / rentals / mgmt. instead of 300.

Trying to deduct your own time on your rental is like those parents who view their weekend with their own child as babysitting.

More importantly, I have never felt more vulnerable than when I was buckling a screaming newborn into a carseat, while running errands alone, still physically weakened and recovering from childbirth, with my wardrobe basically limited to stretchy clothes (impossible to conceal a weapon.)

The parent LLC can be the member of the child lower level LLCs.  

I can't remember which is which, but one is the ratio of the mortgage to your income and the other is all your recurring debt and obligations (such as child support, car payment, not the gas bill).

) anymore.As a broker you will get IRS tax levy demands on their commission checks, suspension of license for student loan delinquencies, back child support, not paying license renewal fees on time, continuing education requirement lapses, and on and on.

The daughter doesn't have the money (here sister died giving birth to her third child so the parents bought this house for the son-in-law and the kids.

I am 25 years old, married, with our first child on the way.

I was introduced to real estate when I was a child and watched my mother quit her harsh factory job to become a real estate agent. 

So my child would not be moving into my property.