This gives you a quick snapshot into the local activity. 

So enters the business mindset and philosophies of Robert Kiyosaki plus the pivotal discovery of the Bigger Pockets podcast / website which I am now an active pro member.

But I dont think thats going to be the vast majority of their employees by any means.I expect a lot of their employees are going to be in the $80-300k salary range, so thats going to largely put them in the $400-$1 million property range.

If you have 2 LLC entities, likely your wife's earnings will be viewed as active, while your earnings will be passive. 

I'm in a 1031 exchange trying to find a 8-30 lunit here ocally$100-$180k range/unit depending on location and conditionI'm from Los Angeles so it would be nice to meet some local active BPers.Thanks

Selling the property at a major loss is not an option I want to consider at this point in time.

I have been listening to the podcasts and reading the posts for sometime and decided to be more active in the community! 

It needs to be close to major employer.

Fannie Mae (conventional) considers a property owned in a LLC that your the majority member of to be personally owned.

-Wednesday, November 14th 2018 at 3:45pm-Joliet City Hall – 150 W Jefferson Street, Joliet, ILOne member of the Land Use Committee has been demonizing rental housing in Joliet and pushing for these inspections even though: The VAST Majority of property complaints are for owner/occupied housesRental inspections would cost the City at least a half a million dollars a yearRSVP by replying to this message and be sure to spread the word to landlords and property investors in and around Joliet.