Utah has a large Mormon population which favors larger families and family focus which frequently encourages those that move away from the state to eventually return.

My fellow MKE RE owners are commenting that there are few quality buildings for sale, frequently asking me if I know of anything for sale...stating that prices are strong, with most buildings going for their asking price...even asking me if I'm interested in selling any of my buildings.I got a cold call from a private individual asking if I was interested in selling one particular building of mine.I have noticed that inventory of quality buildings does seem low,Nothing to really say, I just find it interesting.Any other MKE area investors feel the same about MKE prices and inventory?

Variations on this question are frequently posted, demonstrating how confusing the topic is.Bottom line - forming an LLC does not change your tax situation unless you elect to have it taxed as a corporation - which YOU (Andrew Namkoong) probably won't.Whatever INCOME your real estate investments produce will pass through to your individual income tax return, and it will be added to your other sources of income and taxed per the table you provided (ASSUMING you are married and filing jointly - since you provided the federal tax table for married filing jointly.)I recommend getting the BP Tax Book discussed in the thread pinned at the top of this forum.

Above all, I would use public records to find out who the tradesmen that most frequently service the area are, starting with the master plumbers and locally licensed electricians, and I would get to know them and ask them about the agents they most frequently work with.All properties that you consider will need to be renovated, in some way.

The common view is that buying performers (which in my experience are frequently re-performers) should return 12-15% IRR.

I highly doubt either of these have even a micron of validity.The parties with a financial interest in you buying into this will site isolated instances of great success, never mentioned the all more frequent instances of total failure.So at the end of the day Eddie Speed has collected $30,000 per person for his NPN mentoring program, Granite has made 50 to 100% profit on their inventory, private middlemen have turned a $2500 investment in a note into $16,000,  and my sister in law who purchased 5 NPNs over three years ago and has spend large amounts on attorneys, taxes, and brokers has yet to see a penny in return.To paraphrase, if you don't know who the sucker is in any ultra high profit promise situation, it's you.

@Ethan Sonnichsen The ductwork problem is an interesting issue that we see frequently here in Cleveland.  

Their speakers and local reps often frequent the local real estate clubs.

All of them :)But i'm not allowed to post e-mails on hereBut here are three, that we most frequently seerandy stone:  Equity based lendingWendy Sweet:  Carolina Hard MoneyAngel Rodriguez:  Longhorn investments

Should I just ask the bank to waive the rate lock fee, do they frequently do that upon request?