Husband-wife LLC can be disregarded for tax purposes, and the flip reported directly on Schedule C (or Sch E if it was rented) of your personal joint tax return, without a separate tax return for the LLC.It can only get complicated if you and your wife file separately, or if you have some reason to file a separate tax return for your LLC.

If it is going to rent the property, get a loan, do anything other than wholesaling, it needs to amend its statement of purpose.

This works well for more singular and static investments, but will become inefficient the more interaction or time-sensitivity there is with your portfolio.There are also two plans that provide what is referred to as checkbook control.A Checkbook IRA is offered by specialty firms that will start with a custodian held IRA as above, but then create a special purpose LLC to be the sole investment the IRA itself makes. 

What is the purpose of overbidding?

Upon performing our own homework, by calling the people whose apartments were used as comps, we found that 1 apt building's property mgr (a community development company) purposely set below market rates to assist local residents.

@Danielle Spears You can open your own LLC, but it doesn't do anything for you except for accounting purposes.

The fact that L came later in that statute doesn't affect the exemptions created in J.Let's just agree for purposes of this post that BP is advertising... because people in AZ use it. 

The only way to completely avoid the risk for AP purposes for a CA resident is to use a Delaware Statutory Trust (DST).

but to have a business model 100% geared to unlicensed activity where you never take title and your only purpose is a scheme to make these assignment fee's then yes that's selling RE without a license.its just leveling the playing field.the other example is all the lenders that say they are nationwide but are not NMLS licensed well 12 states require state and NMLS license but that does not keep people from making loans anyway.. were as someone like me has to be licensed to be legal in my state .. state license CE  FBI background.. but someone else can just come in and make loans with no license >>>> I don't think so.. and neither does the state.. and neither do borrowers if they figure it out.. borrowers will all of a sudden find themselves with a interest free loan ..

BP has a load of content and I'm excited to learn for the purpose of making the first move!