They don't get deferment initially...and the whole step up at 5 and 7 goes the window because it doesn't apply.

Did you implement all the other required asset protection steps before upgrading to asset protection structures?

@Kristopher Stovall what methods do you use to find these distreessed properties?

I have enough for a down-payment or 2 for potential properties and have a partial team ready.In Connecticut before I moved to CA I was a plumber for my step-father who ran a plumbing company of his own, So I have a full team of contractors that I could use for any work my properties needed. 

But anyways.. we would be invested "equally" BUT I feel as though I have more of the knowlegdge (they had no idea about any of the methods to invest) and I have read all the BP books/have the most experience landlording...

Feedback and comments on my criteria, method, or sources is also welcome!

What's your step 1 plan?

From what I've seen, property managers are just an extra step that charges me anyway to bring in professionals.

In addition to what @Paul Allen said, Look at this as two steps( does not matter if you have an entity or without entity) 1st: You will pay tax the profit of the flip.

Good Morning Everyone, I have been putting this off for a little bit because honestly I am kind of embarrassed but I realize that to learn I need to actually ask the questions that I need answers to so here it goes.fo...