Even a single-member LLC with no special election ("look through for tax purposes") will still remain - from a legal point of view - an legal entity in the form of an LLC.I don't know if this is confusing or not, but in a nutshell: one should always distinguish between the legal aspects and tax related aspects, especially when it comes to (legal) entities.Edit: ups, just realized that this thread is over a year old... oh well.

It does not require a large amount of effort on my part which allows me to focus my energy on the various aspects of Real estate investing.

To the point of your original post, it's been my experience that the value of having a license far outweighs the negative aspects.

Get a good real estate attorney to look over every aspect of the deal.  

This is crucial info for us to have.IMHO, it's a fantastic service.

Welcome to BP community @Mike Ohara It is a great place to meet new friends and learn about various aspects of real estate and more.

I'm fresh out of college with a science degree but have no intention of going on to med school; I much prefer the entrepreneurial aspect of REI and "sky's the limit" attitude.

If you hate them, you probably aren't good at them.With that said, here's how we manage things:I manage all of the construction, design, real estate aspect of the business.

Welcome to BP community @Ryan Hall It is a great place to meet new friends and learn about various aspects of real estate and more.

What we are getting a little hung up on is the tax aspect of it.