And, based on my experience and knowledge, I see little reason to set up an S-Corp vs an LLC taxes as an S-Corp, unless you plan to have shareholders or need one of the more uncommon aspects of a corporate shell for small business owners.

Clearly, she has the resources to pay her bills, but has chosen to avoid responsibility.

I will def check out those options and yes Rob I was trying to avoid the drive but I have just signed up the club closest to me.

Do you avoid making offers on REOs if they have major unpermitted work like a patio, reroof, or fireplace or room addition?

I'd like to think it's as easy as just avoiding the situation, but it seems like 1/2 the houses I've looked at in my area have some sort of conversion and some of them would cash flow nicely.

Their name wasn't used in the other post I referenced becase (as we concluded later) the OP was avoiding using the name to retain her marketing fee.

I invest in real estate that has been on the market a long time or more is owed than the current value so I am dealing with sellers who are more motivated to sell so I only pay $10.00 option fee. in order to avoid a large option fee to a seller it important to take the right approach, have the right presentation and it has to benefit the seller enough for it to have value to them.

One of the tenants was a real jerk when we did a final walkthrough, and I have witnessed on several occasions that there are two people living in the apartment and 1 small dog, although the lease states an occupancy of 1 with NO dog.I don't want an immediate problem, and would prefer to avoid immediately having to deal with an eviction.

If I owned a home in my name, personally, I would probably rent it out for at least a year before thinking of selling in order to avoid short-term capital gains.

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