I have an offer to work as a leasing consultant for a local property manager but at this point I'm thinking I'm going to turn it down and look for something in the finance sector because first, the pay is terrible, but more importantly because its not putting me on any career path where I could be making any money down the road.I'm just nervous that I'm going to throw away my current oppurtunities trying to invest in RE and then find out it was a pipe dream...

When in doubt about legal issues, like you allude to, always consult a licensed professional!

I'd suggest consulting with your tax professional for guidance.

There is transfer tax doing it this way and I dont suggest it unless you first consult with an attorney.

Yes, that sounds exactly like what I am not supposed to do - but my lender and FHA independent building consultant are recommending the LLC option as if this is done all the time.

You need to take a step back, consult with investors at an REI club, on BP, or elsewhere who have been successful, do a lot of reading, then get going...

Given the potential tax liability ($200K or more) she needs to consult with a CPA experienced with tax advisement.

Or just buy the house in your name and then pay him as a consultant or manager or something.

The only way to know for sure is to consult with an attorney in this area of law.

Why couldn't you just invoice his company for a consulting fee - independant of the property. the fee could be for any variety of legitimate services that you have offered.If he doesn't pay - you know not to refer business his way.