Collections for the mobile home parks and the SFH have been excellent for this month (96% paid in full by the 5th for mobile home sites and SFHs specifically).

I have been researching corporate structures and am getting some conflicting information.A tax adviser is suggesting that I setup an LLC in Wyoming, with a trust as the owner, and with me as the sole beneficiary of the trust.I read several articles that say I may have to register the LLC as a foreign entity in my state, New Jersey, because I would still be "transacting" in in my home state.I read some exemptions on what constitutes doing business though:(7) creating or acquiring indebtedness, mortgages, or security interests in real or personal property;(8) securing or collecting debts or enforcing mortgages or other security interests in property securing the debts and holding, protecting, or maintaining property so acquired;I'm trying to figure out what the bolded section means as far as owning income producing real estate, it looks like it may be exempt?

She asking $240,000 and I talked to her down to $210,000 and was curious if an investor would purchase this property at $215,000 to allow me to collect an assignment of $5,000.

My mother had this habit of collecting every paper receipt in an envelope and saving them!

Second question: I believe the answer is yes to this question, but will I need to pay taxes on the rent I collect from my two tenants ($1,750) even if I live in the home with them?

Second question: I believe the answer is yes to this question, but will I need to pay taxes on the rent I collect from my two tenants ($1,750) even if I live in the home with them?

Meanwhile, your managing LLC is “contracted” by each project LLC to collect rents and pay expenses...Your brother’s involvement depending on what sort of “cut” you want him to get.

Take a peak at the Bigger Pockets bookstore, they have an amazing collection of books that dive into all the various "pockets" of real estate. 

As long as you mark it out on a map for them, you can make sure they’re in strategic places vs them putting it where they want and just collecting the money.

Wouldnt it be more fun to stay in your nice apt & collect 2 rents?