Had her really paranoid that we were breathing in mold.

That being said, in a depreciating market, a highly leveraged 3.5% down FHA loan doesn't give you much breathing room for if the market softens. 4.

Most seem to rely on issuing cease and desist orders.One needs to evaluate the laws of the state they're operating in, the state agency's interpretation of these laws, and the agency's historical enforcement actions as well as the political climate relating to the above.Blanket statements by responders while well intentioned are inaccurate; each state is different and research undertaken on the local level.

I would love to do a bio and profile of investors who have at least one rental property and purchase with the intent to hold for the long term for residual income.

The owner of record seeks in good faith, without ulterior reasons and with honest intent, to recover possession for his or her own use and occupancy as his or her principal residence, or for the use and occupancy as a principal residence by the owner of record’s spouse, domestic partner, child, parent, or grandparent. a.

Small amount of paperwork and minimal fees for formation.Limited protection where owners stand to lose only the money that they've invested in the LLC personally.Creditors cannot legally come after an LLC member's house, car, or other personal possessions.Higher level of privacy.Disadvantages of LLC:Protections not offered if you personally guarantee a bank loan or a business debt on which the LLC defaults.Does not protect against intentional torts.

Because imagine if you find a property, get it under contract, purchase it with the intention of tearing it down and building new, you won't be able to do that for about 4-8 months.Is this King County or only seattle?

Naturally, we do not try to charge ourselves an assignment fee over and above the amount of the contact.However, you still need to place a deposit (earnest money) when you make the offer - typically 1% - 5% of the purchase price (once upon a time 10% was the norm) - so you do need cash to play.The part you fail to cover above is "intent".  

Essentially if you are only looking to partner with investors on 1 project, and will never want to sell any shares of the company after it is formed, you can just set up an LLC as a partnership and have ownership percentages broken down according to capital contributions, with yourself as the managing member with a certain percentage of ownership for which you will manage the LLC and its project.On the other hand if you are planning on starting a continuously operating company, meaning that you will buy and sell multiple properties, and/or work on several projects, with the intention of growing the company and offering shares to additional investors, then you will need to either register with the SEC, or find an exemption (most likely regulation D) from registration requirements.As always, I am not a practicing attorney and, you should seek the advice of one if/when you pursue this option.Adam

I bought a house in Tampa Heights with the intent of keeping it as a rental about a month ago.