I believe we all started that way so let's encourage those wannabe's with good information here at BP.I have said this many times wholesaling is no different than any other business and should be treated so with honesty and integrity and doing the right thing.

But she could open her own solo 401k which is not cost effective.You can treat the profits as 50/50 in this case if you are treating it as a join venture, then you will report the income on two Schedule C's.

This is the perfect market for those.If you like the idea of being a landlord it can be the perfect time to buy at this historic point in the real estate industry.So much to choose from . . . like a box of chocolates and just as yummy ;>Let us know how you're doing and ask questions . . . a lot.

Ben,As a REALTOR in Tennessee i am embarrassed to hear about how a fellow licensed real estate agent treated you.

Treat it as a business relationship.

This is a serious business and should be treated no different than any other business you want to be successful in.

I'm assuming upon walkthough I should treat it like a normal rental walkthough and document everything with pictures and have them sign off on condition?

Jeff,I have very good success by hiring a retired husband and wife to run the complex and give them a small salary and a free apartment, and they will go the extra mile for you and treat all tenants with respect and most PM do not live on property, and they lose control with everyone.

Here is my plan thus far:I will treat myself as a hard money lender.

Dividends aren't subject to SS/Medicare taxes and are treated as capital gains.I am not a lawyer, so take everything with a grain of salt.