The IRS is pretty clear that you cannot rent from yourself or your spouse and I think a judge would look at the asset as clearly a liability protection scheme (aka not running as a legit business), pierce the corporate veil, and not provide you any protection.It's fun to start LLCs, but it's also expensive and time consuming to maintain properly (separate accounts, K-1s, 1099s, accountants...) just to provide liability insurance.

A good mentor will be concerned about your development as a real estate investor and will take the steps necessary to ensure that you are well-versed in multiple investing strategies.

You must make sure that you have all the proper paper work in place especially since the new laws came out on Oct. 1st.

While it is true that listings cost money to market properly, I will not turn one down IF it is priced properly.

You need to find out if the tenants gave proper notice, though, and what your lease says.

My opinion is not to throw away a lead that could be a good deal, especially when you're starting out.Short sale is the way to go in these cases, but you want to ensure that you're signing up properties that have a good chance of getting a deep discount from the lender.Such properties are those that have volatile features that can be pointed out and negotiated/overestimated by the lender.

A properly buyer leveraged wholesaler can make money in any market without risk or even the need for credit or cash.

The top and near the hinges also needs cleaned.Living room blind needs cleaned better.Master bath:Streak of dirt on baseboard by toiletShower grout and tile need cleanedTub looks dirty, inside and out-needs scrubbed.Toilet bowl does not look clean.Bathroom blind needs cleanedHard water deposits on sink at faucet.Suite floor has many areas of dirt and debris in bath, in bedroom proper, in closets, and in the little hall going to the living room.

This ensures that I don't have to pay taxes on the money I pay them.- Independent Contractor Agreement: This lays out the schedule, terms, insurance requirements, responsibilities, etc.

However, the motivated people will succeed no matter what, so you might as well be a part of their growth.So the question is, what kind of learning curve should I plan for them to ensure that we're both going to benefit and they dont feel like they're wasting their time, while giving them the room to grow and figure things out on their own?