Hi everyone,I am looking to get some advice on potentially setting up a corporate structure.

I just hate wasting their time when I am obligated (by blood!)

Have you chosen your home state or the state you plan to invest in or another state with favorable corporate law (i.e Delaware)?

If the property manager agreed to pay the bills on your behalf, they have an obligation to pay them on time.

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset)Liability: the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.A liability is defined by the following characteristics:-Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;-A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;-A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,-A transaction or event obligating the entity that has already occurred@Angelique Diaz I get where the Rich Dad idea comes from but I think we are forgetting that he wrote that book not as a REI text and more as a midst shifting primer for those that have little to no financial education.

Todays deals are tighter but sponsors feel obligated to give up more and more of the deal.

I was in very large partnerships with K-Mart shopping centers and even those failed miserably.When you are dealing with other people's money you have serious obligations and you had better be really good at bookkeeping, handling income taxes, and reporting to your partner(s).

It is your legal obligation to find a tenant as soon as possible.

But never forget this is a business and there are contractual obligations on both sides. 

@John Corey I’m a sales manager in a fast paced corporate world.