Maybe you're looking at MLS listings, Loopnet, a stack of rentals sent to you by an investor exiting the business, whatever...I was just explaining what the 2% rule was designed to do, thus attempting to answer the question "what is the 2% rule?"

Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs?

Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs?

But since I’m attempting to jump into this from a cold start, there is kind of a chicken-and-egg problem.

It's a good way to make a bad name for yourself and really irritate the other party.What I do think is acceptable, though, is attempting to negotiate the deal so that is does work for everybody.

Dave have you already attempted what I am doing now. 

He has been doing quite well in his real estate endeavor and can share some experience with you.

Article 25 defines a real estate broker as an individual or an entity, who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.I read this as closely as I could a few times and could not develop any confidence on whether or not it applies to people who want to wholesale in the way gurus and others talk about it.  

Best of luck in your endeavors and glad to help always. 

A couple of years ago I left corporate America to seek true financial freedom through a few entrepreneurial endeavors, with my most recent of course being real estate investing.