Seeking potential legal/tax advice here - I have already setup an LLC with a business checking account/credit card.

Is it a bad time to invest in real estate?

That property is literally screwed.The real answer to your questions is it depends on what is common and accepted in that area.

https://incometax.utah.gov/instructions/married-couplesWe would spend roughly half the year in each location, my husband will spend more time in NV running his business and I will spend more time in UT setting up the basement rental but the majority of our time will hopefully be together.

Hey Investors,I'm Sean Lin, a real estate investor and agent in Philly, and I'm here to share some exciting news and make some connections!

I'm a Bank on Yourself professional and personally have my own policies that I use to fund my real estate investments.

@Bethany PeysenTo expand your real estate portfolio, stay connected with agents and lenders, conduct thorough inspections, and prepare for longer closing times.

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

Consider joining online forums or groups related to real estate investing, where you can network and learn from others.

You get issued K-1s) and Business Development Companies  - this is not a recommendation to anyone but just sharing what I'm doing.