The LLC holds assets, protected also by insurance, but the protection can be limited based on conduct and complexity.

All is waaaaaay overboard.If you intend to be in real estate and walk a thin line between honesty and cheating people, trying to circumvent rules, regulations and laws, or allowing properties to remain in poor repair and ignore responsibilities of ownership, then maybe all of this convaluded structuring will have merit.Randy is gone, so I won't go there with him.IMO, an LLC is all one needs to conduct business.

Then procuring that cash either through traditional financing, mezzanine, JV etc...Due Diligence: Conducting proper site evaluations to accurately determine a property's development capacity, the cost of development, and the time it takes to bring your product to market.There are books on market research and financing, but I haven't seen many on real honest to goodness Due Diligence.

I care far more about length and type of employment, as certain jobs and time on the job may show the person is able to conduct themselves in a manner that makes conflict with me less likely.

@David RamirezThere is no set amount of houses.You can have 100 houses but not have real estate professional status if you have a PM that does 100 of the functions.You can also have a few amount of properties if you spend a lot of time on them.Self-managing, buying properties that require a lot of rehab and conducting short-term rentals often require more hours.

I am not a tax guy or a tax attorney so this is simply a list of things you may want to consider talking with your accountant about.1) Are you conducting yourself as a "Trade or Business" - if you are not, you are missing out on the greatest deductions and benefits.

Many states (NC included) have recent statutory changes in how RE transactions are conducted.

These kinds of charges typically start civil, as it is up to the Virginia State Bar to report the conduct to the prosecutor.The reason I said I would have reported her was not out of spite, but because I am ethically obligated in my state, under our rules, to report such misconduct.

It's not how I would conduct business.

Step 1: List job ad on craigslistStep 2: Conduct interviewsStep 3: Disqualify the people who call craigslist "craiglist"Step 4: Disqualify the people who have a few tattoos or a medium number tattoos.