This may change from year to year so go on IRS.gov to get the updated guidelines and also there are articles on the journal of accountancy website regarding the complexities.https://www.irs.gov/pub/irs-pdf/i1065.pdfAll the best!

(another concept often overlooked) They do from time to time but they don't have to if they don't want to.

@Brian Burke  Bill Gulley Unrelated to real estate, my journal from Boston is online if you'd like to read it. http://www.crazyguyonabike.com/doc/?

That comes with education and not all providers of IRA LLC platforms focus much energy on that concept.  

The areas that I feel have the most potenial in Jersey City is the Journal Sq area and the Heights, basically areas that are connected to public transportation. 

It's not exactly collaborative but it does fit an open floor concept and fits very nicely into your "rent the desks" type of mindset.Keep me posted, I haven't run into anyone that has had these types of goals with real estate and it has piqued my curiosity.Good luck!

I was originally going to use just spreadsheets.However I played around a bit with LibreOffice Base today and it seems a lot easier than I thought, plus I found an excellent wikia site dedicated to both the abstract concept of databases and specific database implementations and definitions, so I'm gonna keep messing around with it, because it seems to me like maintaining and using a spreadsheet is a much more difficult and clunky affair than maintaining and using a database.I plan on marketing super heavy in the next few months as well as possibly forming tons and tons of business relationships in real estate, and I cannot afford to be disorganized.

John has a more unique, short term approach down in Texas, they have some unique laws concerning installment contracts, but he has a good concept!

I completely agree with the concept that "free really isn't free".

Social investing is concept that is really growing.