I think he was satisfied with my services and at that time wanted me to play an active part in evicting a whiny "never satisfied" tenant.

As a side note, my addendum has numerous weasel clauses that I don't really need.

Loopnet is pretty inexpensive and active.

The income from your job and the business you run is active income so your rental losses cannot shelter this income.

I look forward to becoming an active member of the community.Scottish007

my state and the surrounding states have passed legislation that outlaws certain activities as it relates to foreclosure. a national "guru" may or may not be familiar with how to maneuver around such obstacles.

Good Morning Everyone,I am an active real estate agent from Detroit, Michigan.

I have been an active real estate broker specializing in commercial properties for 10 years.I have invested in a few smaller properties, but want to step it up and get involved with larger properties.

The LLC should be used for rental property and if the property is held for the primary purpose of renting, then it would be rental activity income and subject to depreciation rules and capital gain upon sale whether it is short or long term.First we need to know who the owners of each entity are and I will guess that you are the owner of both entities.With that being said, the S-corp will make a property distribution to you and then you will make a contribution of the property to the LLC.The entry will be a credit for the asset, debit for the mortgage associated with the asset and a debit to the capital account to show the distribution.

That's what a forum is about and so far you are being very elusive.I understand your 50% rule of thumb completely, I just do not think it is accurate for all investments and I make a personal choice to use other calculations.I have said on numerous occassions that the 50% rule is simply a way of stating that the operating expenses in the United States for residential rentals run (average) 45% to 50% per year over time.