I've been planning this for some time and i'm now ready to build my own business.

Are you ready to pay cash for it?

Category 2 is unsanitary water that could cause illness if consumed.

Of course it would be cheaper to form one but I am in the beginning stages of each but I like to form a firm foundation and make sure I am ready for each before I dive right in.

thank you very much for the suggestion, i am actually getting ready to form a group with my friends, they are all motivated in investing in RE.

They lose their home, but I think there's a great chance that they're going to call that real estate agent in a few years when they're ready to take another trip down Home Ownership Road.

Are you ready to be a landlord?

I went to the BBB and it seems that they want to help protect their paying businesses rather then protect the consumers.

The IRS is pretty clear that you cannot rent from yourself or your spouse and I think a judge would look at the asset as clearly a liability protection scheme (aka not running as a legit business), pierce the corporate veil, and not provide you any protection.It's fun to start LLCs, but it's also expensive and time consuming to maintain properly (separate accounts, K-1s, 1099s, accountants...) just to provide liability insurance.

I'm talking about the future bailout of the average consumer.