One or both of you will have to apply for loans individually or jointly.  

RCG is concerned that individual states may mistakenly apply the same proposed standards to non-depository lenders who originate and service manufactured home loans made as non-real estate, or chattel loans. 

It seems that their general consensus on real estate investing is to buy distressed properties, rehab and flip them, only holding and leasing them in some cases (I do plan on purchasing only distressed properties, unless an amazing turnkey opportunity presents itself) The way I see it is, in the short term, flipping is going to make you money a lot quicker, but, being so young and acquiring numerous property's at a young age, holding/renting and having them paid off by the time I turn 36-38 (if the plan doesn't deviate too much) is going to allow for a huge cash flow, help me to build my portfolio even greater and allow me to invest heavily in commercial real estate.

., a nonresident alien individual, a foreign entity,or other non-U.S. person), Owner authorizes Broker to withhold and transmit to theInternal Revenue Service thirty percent (30%) of the GROSS rental receipts unlessOwner elects to treat rental income as

I am in the Detroit area and looking to hopefully meet up,with some like minded individuals.

Not to drag the conversation out but I have also heard about additional taxes you have to pay under an LLC which is why many people do not form one with one property, then I have heard of people who will form one for each individual property, so what is the real cost of owning a property under an LLC as opposed to just buying it under your own name?

I figured I might as well acquire employment in the area of real estate so that I will not only earn money and have something to show to the bankers/loan providers 2 years from now, but also acquire a lot of knowledge by surrounding myself with individuals who have a lot of knowledge to share with a young lad like myself.

I am excited to be part of this incredible group of likeminded individuals and learn from your breadth of knowledge as I embark on investing and flipping.  

There could be numerous other reasons.  

I am excited to be apart a community with like minded individuals.