I’ve known the note investor for over 20 years and they have a 150 million private placement fund to buy notes and are credible, proven and reliable players in the note buying industry.Annette, you won’t believe this but the idiots at SBA turned down the loan request so the transaction came to me from a realtor who sat in on my guest speaker 45 minute seller finance presentation last April.Perfect example how five entrepreneurs and one individual can do business better than the entire United States Federal Government.

The Series LLC was a non-starter as you have to keep separate bank accounts and accounting, which is just as painful as if they were individual LLC's.

Time is an important factor as I work anywhere from 45-60 hours a week.I have heard/read somewhere that ideally someone investing in property would want to see returns no more than 2 years later.

I have sold some properties on websites run by individual local RealEstate Investors Associations.

If you can stick to those areas, I honestly believe an individual with a full time job and a spouse that is helping can do 25 to 30 houses on their own.That is also assuming that you don't do any of the cleaning, repairs, etc.

Found this couple who individually has low income but has a decent combined income, no recent issues , no evictions ever, not great credit but no past due bills or collections in last 2-3 yrs ( the wife had collection issue prior to 2-3 yrs while studying), very good rental reference, verified employment reference.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

If that is what you are saying, that idea makes me nervous as it makes it tougher to track gains/losses/etc for that individual property.Also Rob, how do you know when its considered "enough" in order to start xferring to another account?

Sorry i didn't want to have such a long post but i wanted to answer some of your questions. 1st thing using a realtor is ok but you'll be able to find alot better deals through Wholesalers or by individually marketing to sellers who need to sale their houses.

Immediate goal is to buy our first income property, ideally a 4 plex.