Now he is divorced, friendless and has been unemployed for three years—but he has all of that money:) Not trying to beat up on you, but if you are concerned about this already I see a tough road ahead for you and your future spouse.

Never once have I seen them broken down on the side of the road, granted they usually are blowing so much smoke they probably require a quart of oil each time you hit the gas station though.Grow the mullet, put on the blue blockers and rock that beater.

Just trying to avoid any potential challenges down the road!

Initially; wholesaling seemed attractive but because it's the least expensive path to travel I have a feeling that the road is heavily congested.

I went down the personal BK road many years ago due to wife's incredible amount of medical debt when she got hurt at work.

Since returning I've managed my own properties, and don't plan to ever use a property management service unless and until I get into large apartment buildings down the road.

My wife and I are purchasing rental properties in our individual names in an attempt to be able to buy more down the road.

Advised from the view of someone who worked in luxury apartments in hampton roads They owe you 30 days notices from when rent is due.

If you've got 20+ it could be a problem as even a single person can prevent the conversion.There is also the issue of asking the IRS to treat your LLC as a corporation; this may functionally resolve the problems above, but again, the investors I've spoken to don't really want to deal with an LLC and you've got enough hurdles to jump through in getting their money without having to convince them of the LLC benefits.So, it would certainly seem viable to start an LLC and if it gets bigger / better, convert down the road if necessary.

With all intentions to start a REI Career, i have decided to take, maybe the longer but more involved road by getting my salesperson license.