@Mary Karlecci My advice would be to ask this of your lawyer.

One other lesson I learned is that you have a better chance of getting a lawyer to work on contingency if there is a large group (and hence a large amount of money) involved.Great advice going to the Alabama Realtor's Board to file a claim. 

@Adam SchellhammerHi Adam, Missing to the equation are your 'out of pocket', down payment, taxes, lawyer costs, insurance, closing cost, points and other assorted fees.

When you demise, they inherit tax free and their basis becomes the FMV at the time of title recording.For 1031 details, lookup "1031 accommodators" and get a lawyer in your state to create the Living Trust, aka "inter vivos" or "revocable" trust

Rent for January 2018 was paid via check through my bank and was initiated on December 20th (to give Simple plenty of time to print and mail to Arizona).So, do I get a lawyer?

I had a lawyer set up my LLC and one of the things he asked (I'm not kidding!)

I will be seeing a lawyer but had many other questions and wanted to have something so I do t waste my time/money; didn't want to reinvent the wheel.thanks!

After talking to a lawyer, we are pretty sure we want to set up a Texas "series" llc to hold the rental properties and another LLC to manage the rental properties that we have but there are some issues that boggle my mind about it, so help from anyone who is actually managing their properties this way would really be appreciated.My questions are: 1.

I know court costs and lawyers always have first position and get paid first so probably 2-3 thousand go to them making it really $12K.

As for the lawyer, we t hought this just to cover ourselves as we know nothing about the process, We do not want taken advantage of?