I conducted a test today, I changed the price on one of my listed properties.

So in CA they only conduct tax deed sales, which occur after the county forecloses on the property and sells it at auction for the back amounts owed.

Please don't let one neighbor dictate how you conduct your business.

The LLC holds assets, protected also by insurance, but the protection can be limited based on conduct and complexity.

All is waaaaaay overboard.If you intend to be in real estate and walk a thin line between honesty and cheating people, trying to circumvent rules, regulations and laws, or allowing properties to remain in poor repair and ignore responsibilities of ownership, then maybe all of this convaluded structuring will have merit.Randy is gone, so I won't go there with him.IMO, an LLC is all one needs to conduct business.

Then procuring that cash either through traditional financing, mezzanine, JV etc...Due Diligence: Conducting proper site evaluations to accurately determine a property's development capacity, the cost of development, and the time it takes to bring your product to market.There are books on market research and financing, but I haven't seen many on real honest to goodness Due Diligence.

I care far more about length and type of employment, as certain jobs and time on the job may show the person is able to conduct themselves in a manner that makes conflict with me less likely.

@David RamirezThere is no set amount of houses.You can have 100 houses but not have real estate professional status if you have a PM that does 100 of the functions.You can also have a few amount of properties if you spend a lot of time on them.Self-managing, buying properties that require a lot of rehab and conducting short-term rentals often require more hours.

I am not a tax guy or a tax attorney so this is simply a list of things you may want to consider talking with your accountant about.1) Are you conducting yourself as a "Trade or Business" - if you are not, you are missing out on the greatest deductions and benefits.

Many states (NC included) have recent statutory changes in how RE transactions are conducted.