Representing myself in tax court was kinda fun...Big issue was not treating entity as a disregard & using a K-1 rather than schedule c. and Sched C v.

There should be a way of using a living trust?

I'm planning on using a combination of hard money and private investors for gap funds.

Explain the benefits of using you instead of using a realtor.

Are you using a third-party service, searching a database of county records, etc?

If you are using a Realtor, how are you paying them, they don't get paid to just write contracts?

@Kerry Drake You can put your primary residence into your LLC using a quick claim deed request.

Go see your REIA president and ask about raising private money and using a Joint Venture Agreement to buy a foreclosure with alot of equity.See an attorney to draft the deal.See http://www.biggerpockets.com/rei/pennsylvania-real...for PA REIA list.

For example, if you stop using a machine because there is a temporary lack of a market for a product made with that machine, continue to deduct depreciation on the machine.

If so, is it you do not want to or do you believe you cannot get a (what I call a) true fixer upper (heavy rehab not jsut paint and carpet) at a deep discount because you are using a VA loan?