It did cost me a bit of time, money and probably some stress.

Make it clear that you have an interest in the property but use active listening skills to learn more.It is hard to know what the seller might want when you have no idea what is going on in their head or in their life.

Since this activity is within an S-corp. you will not be charged the self-employment income tax and you have the added benefits of the employee benefits John mentioned.

He has lived in WA for some time now and is pretty active on some public forums.I have lived in OR at different points.

``Relieving families of this tax burden is the least we can do.''

Maybe the moderators can lock this thread so everyone who is interested goes to the other thread.The other thread does have a lot of activity compared to here.Thanks in advance.John Corey

I am more concerned about evictions and any criminal activity.

Hey Everyone, I have been browsing the site for the past couple days and have been nothing but impressed by the wealth of knowledge by the members and am very excited about becoming an active member of the site.I am a single father that has been involved in some aspect of real estate and real estate investing for the past 6 years.

Illinois RequirementsProperty management activities that involve general administration, like contracting for property maintenance (garbage pick-up, etc.) and paying general expenses (utilities, etc.), do NOT require a real estate license.

There are so many ways to invest in RE or otherwise do deals.Certain activities will be better but which ones will depend on your starting point.