Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal BenefitAnother factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.As you earn more income from flipping business, you should definitely elect to S-corp to save on SE tax. but if you are not making around 80k Plus, the benefits are outweighed by the complexity and expenses of maintaining it

If ownership changed hands without an MLS transaction (inherited property for example), then there would be no info on MLS until Public Records was updated.MLS will show Settled transactions first of course, but the nitty gritty of the transaction details would be updated when the deed recording occurs.

The negative cash flow occurs when I do account for maintenance, management, Cap Ex, Vacancy, Etc. 

It comes down to when the closing occurs.

Does anyone know of new development occurring around the Trabue Woods subdivision just south of Hilliard?

Money Mustache, Mad Fientist, etc.I've been "lurking" ever since while trying to absorb all of the REI information on here that I can while not overwhelming myself in the process (which has definitely occurred more than once).In the meantime I've actually gotten around to reading the ever popular "Rich Dad, Poor Dad" (had heard about it for years but never actually took action) and listened to at least 20 other webinars / podcasts.Anyways, back to the introduction...I live in Firestone which is just east of Longmont, CO.The ideas of both fix-and-flips as well as passive income from rental properties is what I'd like to focus on initially, but the market up here in Northern Colorado is just "weird."  

This (theoretically) isolates each asset, so if a lawsuit occurs, and there is no personal negligence on your part, only that one asset is exposed to any judgement.The more legal barriers you put up, the less attractive you are to plaintiff attorneys and litigants, as long as the barrier is legally defensible.As an example, consider two possible lawsuits with the same liability risk; one defendant has $2 million in assets owned  him personally;  the second defendant has $1 million in fully creditor exempt retirement account, $500k in his homestead in a fully exempt homestead state like Texas or Florida, and the balance of his assets in Series LLC. 

It won’t cost her anything but it will show when the late payments occurred, whether it was more of a one time event vs a habitual thing, when the delinquencies drop off, and how long it’s been since her last late payment.

I think on-time rent payments would occur at a higher rate through online pay.

@chris,To piggyback on what John is saying, you definitely need condo insurance to cover your belongings inside the walls of your condo (in case of damage or theft) as well as to cover for any catastrophes that occur that are not covered by your HOA.