The court will pierce the veil when the LLC is being used to do something illegal or if there is no real distinction between the owners and the LLC.

Labor costs are the largest expense.

Ideally, this will offset your living cost (largest expense), and now you can supercharge your savings for another property.

You can always lean on professionals in the industry to help you learn about a new neighborhood or city but, understanding your own home town is a distinct advantage.  

Others who purchased from Clayton know that he signed the Purchase and Sale Agreement as the SELLER and made representations in all of his podcasts that his company was rehabbing all the homes and gave the distinct impression that he owned all of these properties.

My PM posts to all the largest sites (Realtor, Zillow, etc); accordingly my properties are usually leased within two weeks of listing.

If he saw me in a bar, he'd send the waitress with the largest cleavage over with a round of drinks. 

@Oshi JainS-corps actually do not have a distinction of active/passive shareholders.The great thing about S-corps is that none of the income reported on line 1 of the K-1 is subject to self-employment tax.This is why a Partnership K-1 will have a line for income subject to self-employment tax while an S-corp wont have that line.With that said - An S-corp is required to pay for self-employment tax by paying a fair salary to those who did work for the S-corp.

Corpus is currently prepping for major growth due to the Port expansions, deeping and widening of the ship channel, the completion of the nations largest cable suspension bridge, etc...

I think they are the largest "wholesaler" in the country... and all of their reps are licensed agents.