Structuring the LLC the correct way and labeling yourself as strictly a passive partner that really contributes no actual management or active participation on the business would allow you to avoid self-employment tax. 

Just wanted to say hi and thank everyone that has contributed.

However, I know there are tremendous legal liabilities when doing something like this.I'd like to structure the company where I advertise to investors to make a minimum contribution of $10k in return for a 10% annual dividend paid out quarterly over a 2 year term.

I would like to give a sincere thanks to all who contribute and share how they have built the wheel so that people like me won't have to reinvent it.

I hope to contribute in the future.

I would like to give a sincere thanks to all who contribute and share how they have built the wheel so that people like me won't have to reinvent it.

@Darrin Carey Thanks so much for contribution!

I have the drive and determination to succeed- and can contribute a good amount of "sweat equity".My question is where can I find someone, in the NY area, that has experience, that's willing to mentor or partner up with me?

Thanks to everyone who has contributed to Biggerpockets and helped me to expand my understanding and vision.

Make sure to read, listen, learn, and contribute!