You still may be liable for NC depending on how and where the income is being produced, a good tax prepared has ways. http://www.borelassociates.com/topics/Series_LLC_in_Business_Planning.pdf http://www.matnsorensen.com/utilizing-multiple-llcs-a-new-series-llc-state/ LLC is new to REI it will be interesting to watch history unfold, not here on BP, in courts across the country.

The DFW real estate market has shown to be very dependable and not swayed by the bubbles other areas of the country have seen.Good luck!

@Brad ThompsonWelcome to BP and RE investing in the DFW Metroplex.I am a newbie two, but I have been reading all over the BP site, listening to the podcasts, doing some webinars and communicating with a few folks from our area or other experienced investors.The last couple of weeks I have gone to the DFW REI Club that meets in Fort Worth at the Woodhaven Country Club pretty much every Saturday morning.

I think it depends the part of the country you live.

Downsides:house built in 1900 and on 2 acres in the "country".

Many areas of the country the selling season is dictated by the weather, and winters are dead.

Keep in mind that I am an out of country investor so some options may not be feasible.  

I have many clients from around the country who have properties where I am at in Cleveland Ohio.They use Foremost insurance & it works out pretty well.

I'm one of, oh maybe, 100 or so folks in the country who can do what I do.Overall, my real estate experience goes back to 1985.

Maybe its because I didnt even finish high school and yet it wasnt difficult to climb to the top of a company get a 6 figure income in my 20's while all my friends are paying on their degrees with their 30 or 60k/year unrelated jobs that their college education "helped" them get.if you want to make money, figure out a way to make money, this is the easiest country to do it in.