{If you are operating as an incorporated entity (not an LLC), this would, of course, be different as you would be paying many of your expenses with before tax dollars}.

We have completed approximately 13 Flips & ready to venture into Buy & Holds but would like to understand the process & find resources to assist our Entity in starting the B&H in Indianapolis!

In addition the states charge yearly fees for the privilege of operating that entity.

I was told that there's no documentation but was suggested I needed to be a legal entity to do so, or be a title company, or via lawyer representation- all irrelevant to a simple tenant security deposit.With that said, can't I just deposit their security deposit into a Savings Account like it says in the NJ law?

My personal preference is to use only use formal partnerships or shared ownership entities (LP, LLC's etc.)

DavidThis is why I recommend investing from an entity.

I'll guess that several of those 24 are probably owned by the same entity so you can just send 1 letter to them.BTW my first move would be to contact the ones that are listed.They are the only ones indicating they actually want to sell their lots.You would be in a pretty strong negotiating position in my opinion since you can always use the "Why should I buy your lot when I can go talk to these other 5 guys with basically the same dirt as you do." argument.You also can point out that those 17 other lots have sold much lower (assuming that the listed ones are at much higher prices than these sold at) than they want, so why do they think that their dirt is so much more valuable?

Of course it depends on where this is and whether closing was done by real estate attorney or title company.Wouldn't the closing entity also have insurance that covers them for any mistakes made in-house?

The only time a personal guarantee is useful is when title is held by an entity, given by the owner(s) of the entity.

Hello BP,I am beginning me real estate investment career and I wanted to know if I should create a business entity or not.Recently I have purchased a primary residence that I rent out while I live back home with my family.