The key to it all is maintaining corporate filings and documents, both with the state and internally with the LLC itself, and to document the entire structure with an LLC agreement that is specific to real estate and is not just a generic LLC agreement that you can find online.

The IRS filing info says "If the only member of the LLC is not an individual, the LLC income and expenses are reported on the owner/member's tax return."

Higher average age might also help you choose which CRRT to selectCheck the requirements, and how much work you will need to do - for instance, EDDM rates require that you drop off mailers at the individual post office where they are delivered.

I live in Westchester County in New York and I think it is a decent market.Also, I am trying to find like minded individuals in the area to start a group with.

If employers search online before hiring someone, landlords should absolutely search before renting to someone too. 

Hi all,Pretty vague question, and I know it depends on an individuals specific goals... but I am curious to see what kind of responses this may get. 100k is not a lot of cash in Southern California.

Not that location *necessarily* matters, but would it help to take some online real estate inspection courses for Florida (if they exist) to make sure I know what to look for when making purchases down there?

Bonifacio Capuyan When contracting from out of state always hire a 3rd party individual - either an agent , property manager or another contractor to inspect the property and take a lot of pictures.

I know what the qualifications are to be a real estate professional, but I've read that an election may need to made so that I can treat all my rental activities as one activity so that my hours claimed are considered for all my properties versus needing to prove I spent enough hours for each individual property.  

This creates a taxable event for the individual leaving which they are planning on anyway.