It depends on which strategy you wish to go into.

My ultimate goal is to NOT be personally liable if someone is injured on the rental property. 

Hey all,I’ve recently acquired a 4 story, 5 unit building on a corner lot in old city Philadelphia.

This allows you to meet the material participation requirements based on your combined activities across all the grouped properties.But yes, RE Pros still have to spend over 750 hours in real estate activities during the year (and more time doing this than anything else) to be considered material.

That said, this question is asked at least once a month on here (likely more).

I’ve learned a lot from Bigger Pockets, first time posting:I’d love to get some feedback on where to go from my current position.Background: we own two houses on a single lot in a residential neighborhood.  

I’m currently being put on my parents feed.Now, I want to get a loan to pay off their balance $45k, get a lower interest rate (and yes it would be lower, believe it or not theirs is 9% and has been for years) and pull money out for some debt at this point I only want to pull out $20k.Obviously, there is equity.What’s the best loan for this?

Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. 

Nice house, but it sits on a corner lot and lacks an ideal backyard.

I made my first post on BP 9 months ago.