Remember, they are dealing with very frustrated, desperate and irate clients who are in the process of losing their home.

I like the idea of using a property manager if even for the first year only, to let them deal with client screening.

Most buyer's agents do not charge their client any fees or commission as it is customary for the seller to pay these.

The company I presently work for was one of my clients at the large local and I have worked here for about 3 1/2 years.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

I believe I have completely respresented all of my clients and am not afraid to go to my broker or others who know situations better than myself.

What steps can I take to build my list of clients who are constantly expanding their portfolio?

In fact, lead generation is the most difficult facet in real estate FSBO because no lead means no clients.

However, my agent and I found out a couple days ago that the highest offer was presented by the seller agent's husband (who was a realtor acting on behalf of another client).

I mostly joined this forum because I've been monitoring the BP Blog and I found the information there to be very interesting and potentially beneficial (to me).I've been learning as much as I can about the RE industry because I believe that knowledge is power, not to mention I like to look well informed in front of my clients!