There are no rent controls.

Remember you don't have to own a property to control it.Good LuckPaul

On top of what Scott mentioned, I understand that the control on landlording operations is more stringent in Urbana.

You protect yourself by saying that the deal is contingent on an inspection or approval of partner.Then you have control.

Im in a high tax bracket regarding income tax ($150K+), I dont want all profits to come directly to me as income tax, I want to control the timing of when I withdraw profits from the corp.

The rent should be at or near fair rental value.Breece Veneer & Panel Co., 232 F .2d 319.

Remember you don't have to own a property to control it.Good LuckPaul

Remember you don't have to own a property to control it.Good LuckPaul

When I say "active" I mean someone who will buy SFRs or other properties, take direct title to the properties, and maintain full control over them, similar to what most people who are on BP do as active investors.

Remember you don't have to own a property to control it.Good LuckPaul