If it is a single member, then by default it will be disregarded by the IRS unless you elect to have it taxed as an S or C corp.If it is a multi members LLC it will be by default seen as a partnership, unless you elect to have it taxed as an S or C Corp.Depending on the status you choose, your state tax treatment will be different too...

Last few days been in the 80's.

Originally posted by @Ron S.

Hi Team,I searched several keywords across BP and couldn't find an answer to these questions.I have several friends and family members who want to invest along with me as an LP in Syndication Deals.1) How should I structure it so that 1 company is investing as an LP (either an S-Corp or LLC), and other friends/family members are investing in my S-Corp/LLC?

It cash flows just over 2K / month without storage income.I keep saying that #s talk.... that's it...but I'm stuck on the isolation of the town.

I also found the following statement in the contract which they are arguing states the current agent will get commission as long as the current renter is in the property: "Agent shall receive commision for the unexpired term, or renewals therof, of any Lease made by Agent and/or Owner during the Term of this Agreement and shall receive such commission for as long as any such tenants(s) procured by Agent remains in the property.

-Applicant agrees to obtain insurance protecting the premises from loss or damage caused by Resident(s)/Guest(s) negligence.

Thanks @Jay Hinrichsand @Todd S.

There are some lenders that can originate and close FHA loans with credit scores in the 500's.

Owner agrees to grant access to the Property for appraisals sought by Buyer, but if the Property is leased to one or more third parties Owner agrees only to request that the tenant(s) grant such access; this Agreement is NOT CONTINGENT upon the conduct or results of any appraisal.”I am exploring ways to get away from the contract and not lose my deposit.Thank you