If you are going to be a successful businessman then you need two things among others:1) the ability to plan out how you are going to conduct your business2) the financial discipline to manage and grow your assets while limiting your liabilities.In this particular business (real estate investing) our two biggest assets are our credit and our cash on hand (followed very closely by our own personal education/knowledge).

I've been hearing many instances of appraisers having their work from 2-3 years ago questioned because the property is now or soon will be in foreclosure.

So, no, there are no tax benefits to giving the profit to yourself through an LLC.Now in some instances you may need a separate entity to do the work (i.e. federal grant programs; but you can't legally make a profit from those either).

There is however many instances where one could fasten the cabinets to the floor for an added measure of stability.

Most if not all major metro cities are growing including the areas around them (within logical commuting range).

I think it is a great place for newbies to start and to learn and grow from there.

The idea of profit sharing is rewarding agents for growing the company and they call it a downline.

Looking to start with a few rental properties with some cash flow, but my plan is to invest long term and grow into some larger multi-family properties.

I really should know this after reading the books I own on REI but I have not come across it..If for instance you make an offer on the house, and it is accepted (over the phone, not having seen the property) are you obligated to buy the house even before you see it, what legal obligations are there, they're are ways around it arent they?

The site is really starting to grow quickly now.