So your $6k out of pocket gets you a C Corp and ability to use retirement funds to buy stock in your C Corp.The things I did not consider:- You are an employee of your C Corp, so if you hire any employees you need to extend many of the same benefits to them that you receive, including participation in retirement plan- If you hire employees you need to offer them the option to also use their existing retirement funds to purchase equity in your business- Possible advantage of LLC over the C Corp- Once you sign and speak with your assigned independent counsel they will advise you on the increased scrutiny you face with IRS, need to keep additional records and document corporate meetings, etc.If I had a more complete understanding in advance I may not have gone this route.

The seller will take your rent payments and option money and spend them.

I work full time in a student activities office at a large, public university in the Northeast and it just kills me to see what the university spends its money on.

The city is holding money until I rehab the property and if I spend some time in Dayton I can probably get it done for 15K to 20K .

And I do believe that if you had a clause stating no pets, but a tenant got a pit bull and it mauled someone, that clause could protect you to some extend.

When I remodeled I seriously considered wheelchair friendly but in a 79 Y/O house it was just too much to spend.

Do you manage them all yourself and if so how much time do you spend a week doing it?

Once he starts spending more time on it, there is no issue in increase his wage to a reasonable amount.

I plan on spending around $1500 on my next set of mailings on marketing to find motivated sellers for potential wholesale deals.

Plan to spend $20-30K to get this set up properly.