No, because a 401(k) can be used to buy real estate if you know how it's done!

Now, when you go to file your tax return, the LLC (which is taxed as a partnership being its multi-member) will spit out a K-1 form at the beginning of the year which you use to file your personal tax return.This is the best way that I know how to handle the profits/money to be tax efficient.Honestly, how much profit are you expecting? 

@Chris K. , similarly thank you for taking the time to respond.

@Andrew DanielsThis is the PA law when it relates to using the CPA Designationhttp://www.pacodeandbulletin.gov/Display/pacode?

I read your response about the Protege Program and Iw anted to see if you are still doing it and getting the results you were promised, I've considered other programs but they all seem the sam give us 10-30 k and then we will let you see the magic behind the curtain.

If you structure it where both the investor and operating partner are on the LLC then I it would probable be a K-1 at the end of the year.  

- After filing all taxes should expect that I will get back around 19.5 k back to my account from IRS?

We noticed the property was purchased for (X)k, less than a year ago.

I agree with @Aaron K. that the fastest way to build your investor list is to have killer deals.Regarding getting more investor eyeballs, are you posting your deals here in the Marketplace? 

I still have $15 k after closing and am super eager to find the next deal!