FLFlipper, what happens if your buyer doesn't show up at the double closing (heart attack, traffic accident, changed mind, simply late, etc., etc. ) do you have a backup plan?

Nevada beats boise and we win and we go to bcs.

I think Hillary did win.

Unfortunately, what the government is doing is simply making things MUCH WORSE.

Jorene,If you want to learn about real estate investing, simply start reading the various forums here on BiggerPockets.

And we get to pay for ol Krzysztof Duszkiewicz's health care simply because he can't get along with his boss.

How about giving us the winning mega lotto numbers?

Success is simply having a family & being able to provide for that family.

That information simply does not exist and many (most) investors don't understand operating expenses themselves, let alone have accurate records for their property.Finally, the vast majority of newbies fail in this business and the majority of rentals in the US are owned by individuals.

This does not, however, remove you from having to personally guarantee loans from banking institutions.Also, the reason most investors use an LLC for long-term holds (rental properties), is that it is a pass-through entity and the profits and losses are simply "passed through" to your personal return.