Most properties that I'm looking at are in the 35-75k purchase range and ARV values of around 110-150, with average Reno cost of around 20-30k with most projects taking 90 days also since there are a lot of FHA loans on these properties it really doesn't benefit to flip it any faster. 

Generally speaking, you'll still pay as much to demo, as hauling off the debris is the expensive part (and it's unlikely the fire department will do that for you)...The benefit is that you may get a tax benefit by donating the house to the jurisdiction for use -- of course, it will depend on whether it is "safe" to burn the house down for training purposes or not. 

We believe it's a mutual benefit for us and our property owners to improve property.  

Should we set up an LLC or does the cost of the LLC out way the benefits?

I won't pm it but I'll attach it to this post so all can benefit....  

When can I begin taking the depreciation benefit?

Most HML's that I've been involved with collatoralize with the 1st trust deed so I'd have to assume that all the members of a CF would have the same benefit.

Originally posted by @Benjamin Timmins:9.25 to startWhat other benefits are offered?

Individually.Are the tax benefits same for rental properties held individually vs. in an LLC.Is umbrella insurance recommended for individually held rental properties.Does the umbrella insurance give the same liability protection that LLC's have.

I need to change my old SUV that I used 100% for business and I have a couple of questions that I need answer on before I will make my decision.I base my thoughts on fact that president signs $500,000 section 179 dedu...