At the same time there are property investors with very large portfolios (20,000) so there must be something that works.I think what you will find is newer investors or amateurs who are not on top of their game get into more trouble than seasoned investors and professional property managers.Warning: watch out for real estate agents who manage part time while filling in the gaps between sales.

Get some tax advice from a professional.

It is possible to operate legally and professionally in this area if you have the resources to respond to a DOS.John Corey

He is used alot by realtors who love his confidence and professional approach.I consider him extremely knowledgeable and one of the few in his field in our area that is competent.

Or pay a professional to advise what is best for your situation.A sole member LLC does not exist for tax purposes.

Besides, a professional will probably see things wrong that you do not see as a problem.As far as the income, I understand your apprehension about inflated numbers.

Our directory of CCIM Professionals in various commercial specialties is located via a link at the top of ccim dot com(unable to post direct link due to zealous spam filters at this site.)

^^^ I agree, I think having a mentor or a network of likeminded professionals that you can learn from is very important.

I am in the game.My hope is to develop strong professional relationships with likeminded individuals.

I wouldn't say I play professionally - or have mastered some of the more difficult shots.