I recently posted here but I am currently under contract for a duplex in a rural area marked for development.There are 2 huge commercial real estate projects being built within the next couple of years (under construction).

Thank you for posting the same question!

My contact info is in the signature of this post - you can also message me directly via BP. 

If something goes sideways, I would be willing to bet 90% of these single owner LLCs formed for "asset protection" would be easily accused of piercing the corporate veil, and collapses the whole thing anyways.Depending on the state you are operating in, even if you use a Wyoming formed LLC, you will likely be required to register in the state you are operating in, which may require disclosure of that information you don't want to give up already - check to see what those states require for disclosures when registering a "foreign" LLC that is operating in the state.Literally no federal income tax benefits to where your LLC is registered. 

I did see a post where the landlord was fined $500, because no inspection was done as the tenant forgot and wasn't home to let the inspector in and the landlord was never notified. 

Reading everyone's posts it seems my best option is to keep my current house for now and use a HELOC to invest in real estate. 

I seriously want to know your screening procedures.Based on the link Russell Brazil posted, it appears that there are actually 9 failure to pay rent cases, two times she's been in jail, and once she sued one of the landlords who had sued her.

Hi everybody, When I locate the owners of leads, sometimes the information I get indicates the phone number is on the do not call list.

Originally posted by @Joe Splitrock:Originally posted by @Dennis M.

It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.