There is a lot of fraud, unprofessionalism, corruption, a dysfunctional legal system, and lack of regulations in the real estate business.

However if more than one member you will want an attorney to draft the operating agreement which governs the LLC.

I'm a technology entrepreneur working in the forest products primary processing industry and also provide technical services to government.

You can screw up their finances with getting government assistance.

The Treasury Regulations only require that the taxpayer have the intent to hold for rental or investment or business use. 

again, and again, and again.From looking at government programs, I could become an O/O for 3-5% down, depending on if I do an FHA or Homepath loan. 

If a deal worked out, I would plan on giving a commission to the agent because I think there's a regulation that I have to do this for 6 months after a property is listed.2.

It is extremely risky/foolish to buy without calling a title agent and having them run a quick check to make sure there are no government liens against the property or the owner.

I was hoping to change it around, but it's a uphill battle with the people and the city government.

Real Estate Business Roles 1.Bird Dog:2.Wholesaler:3.Seller/Investor:4.Buyer/Investor:5.Listing Real Estate Agent:6.Buyer Real Estate Agent:7.Real Estate Broker:8.Loan Agent/Officer:9.Mortgage Broker:10.Escrow Company:11.Title Company:12.Appraiser:13.Home Inspector:14.Attorney:15.Accountant/CPA:16.Mortgage Company/Bank:17.Hard Money Lender:18.Private Money:19.Equity Partner:20.Loan Servicer:21.Insurance Agent:22.Government:23.Rehab Company:24.Management Company: