Today I'm happy to announce that another BiggerPockets member has graciously joined the BP Moderating Team to help us better moderate and manage the communityKaren Margrave (Previously known as "Karen M.") is an active real estate developer in Southern California.

I’m not a lawyer, Larry, and I don’t know NJ law, but I’m pretty certain you cannot form an LLC and take on silent investment partners unless they all have an active management position.

Jump in and start engaging here on the forums and you'll start building your network.

I recommend staying active on the forum and engaging in conversations that interest you...you will learn much more that way.

Both complexes are active with tenants already living in them to generate income.

Both complexes are active with tenants already living in them to generate income.

I can refer you to some very active buyers in my network.

. - Active rain- I blog here about once a month- BP - I blog here (as a contributor) weekly but also add a blog about once a month, and participate in forums when I can. - Google+ - I share things on here but don't interact on here much.

I'm also very active in church ministry, a freelance professional photographer, pilot in training and eager to get on with RE investing.

There technically does not need to be a partnership return prepared as a rental activity can be reported separately.