Arm chair quarterbacks are everywhere.  

I am now doing loans and helping other investors leverage their money and get into deals without having to pay an arm and a leg out of pocket.

The situation is that my father and I would be doing all the leg work and the family member would be strictly the money.

During the last year I have stayed with family and paid off about $20K in student loans and I am now debt free with about $6K in savings.Looking into renting a place for myself downtown, there aren't a lot of options that don't cost an arm and a leg.

Thanks James, I'm surprised you don't have to wash your hair or shave your legs right about that time LOL!!!

If you are the single owner of an LLC, the IRS views the LLC as a disregarded entity, meaning as if it doesn't exist - all activity is reported directly on your individual tax return.Your CPA is also correct about LLCs costing an arm and a leg to maintain in CA.

Let me just say that now I have to replace every single appliance that was in the house (missing/grew legs) and finish repairs that he was provided materials and paid to do 7 years ago.

I would have no leg to stand on if the seller actually did take the blinds before closing.

I don’t want to be a slumlord but do want to invest in working class neighborhoods that don’t cost an arm and leg and that can produce enough cashflow to help free me from job.

From what I know about them, they charge an arm and a leg for financing.