In another property the same rental agent placed a felon, who proceeded to not pay rent until we succeeded in getting her out.The manager and staff also treated the tenants with contempt.

If you have a contract with a bank that prohibits taking title out of your name and transferring it to an LLC and you do it, a court of law (if you ever end up there) can see the transfer as null and void per contract and treat you as a sole proprietor.

It doesn't matter whether it shows up on your credit report, since you have to disclose it on your loan app.It doesn't matter if you own in an LLC, it's treated the same.

HiThe treat to using debt is to use it correctly.

Wayne you are treating it as a deposit or earnest money.

While he is a family member he is treating this like a true business opportunity.

It really narrows it down to wholesaling being treated as a business (self-employment) rather than as an investment.

Charles, You really don't need a general contractor, Find you a good licensed and insured remodeling contractor, treat him right and and pay him right, you will have a good reliable trustworthy person/company to build a relationship with and make lots of money...Zack

How's the SoCal rehab market treating you?

Rental properties could be treated as disregarded entities, that would mean you would not have to do separate tax returns.