PS if that happens I'll be the first to give Will a virtual high five...

That person being YOU.I may not handle the operation side of my properties forever, but since it is my business, I at least want to know how to do each aspect of it competently.

I’ve got into virtual wholesaling and I actually have a couple of properties out of state that I’ll have under contract.

With the stock market you have virtually no (legal) control over which direction a security goes.

Here is some good news for small operators!

Other solutions, while not as clear cut, and not as profitable, could run as little as $2,500.00 in start up costs, with no real ongoing costs to speak of, and is probably the only practical strategy for a smaller operator.

It takes cash to own and operate a large rental property, more than just the down payment.

The name C Corporation is used only to distinguish one taxable entity from another taxable entity (there is no Subchapter C, which governs how a C Corporation is taxed.)Because the "S" simply refers to a section of the tax code, choosing to tax an LLC as an S Corporation affect ONLY the rules used to tax the LLC - NOT the rules to form or operate an LLC, nor the rules that determine the liability of the owners of an LLC.LEGAL REQUIREMENTS & LIABILITYLegal Requirements:The rules to form and operate a Corporation are different from the rules to form and operate an LLC.

Any insurance claims for damages to the property were settled when the property was restored to full operating condition.Seller dislosure tells you about any defects with the property that you may not be able to see.

My operating expenses are mainly water sewer garbage.