Hello BP members,I am new to BP and love the community and the knowledge shared on every aspect of RE investing.

I quit my day job 3 years ago and jumped into real estate full time - I have a passion for all aspects of real estate investing and learning something new.

He has succeeded in REI through flipping (and other aspects of REI) while practicing high moral standards.

While it use to be that only public companies were required to follow Generally Accepted Accounting Principles (GAAP), this year all real estate operations must comply, that means any mom and pop landlord, any whizbang investor dealer or any else that sells dirt.This aspect has everyone dealing with leases and/or option contracts and any other sale giving consideration to accounting for such operations, banks/lenders, settlement agents, appraisers as well as investors. 

Make sure that the property management is top notch, as this can be the most crucial piece for the long term success of your investment.

It is a good community to network and learn about all aspects of real-estate investing.

There are so many aspects of real estate investing and it's easy to be that guy who is all over the place and therefore never gets anything done.

There are pros and cons to each, don't just assume assume which is better for you.......as Ned mentioned, learn the differences first.While Articles and an operating agreement can be amended, it can be more expensive backing up and heading off in another direction or correcting aspects that should or could have been accomplished from day one, with more thought as to  what the future may hold.You're giving birth to an alter ego, unlike kids, we can form the LLC to adapt and grow in as we want them to, it's the planning I'd say most miss.

I have been researching my options in real estate ever since, trying to decide which aspect of it would best fit me.

My website has like 10 - 15 hours of free asset protection video instruction on various aspects.