The core functions of the BRE will remain the same, and consumers, industry and stakeholders will continue to receive the same level of excellent service from the new BRE that was provided by the DRE.

Design style and materials will be limited to usual and customary that can be proven in that market.To change styles or functionality you need comparables.

You may get some contractors trying to upsell, but the basic function is beneficial.

If you've got 20+ it could be a problem as even a single person can prevent the conversion.There is also the issue of asking the IRS to treat your LLC as a corporation; this may functionally resolve the problems above, but again, the investors I've spoken to don't really want to deal with an LLC and you've got enough hurdles to jump through in getting their money without having to convince them of the LLC benefits.So, it would certainly seem viable to start an LLC and if it gets bigger / better, convert down the road if necessary.

it takes discipline and a good "partnership" based on understanding of the mission.no more buying houses emotionally - it's business.

This recently came up while I was discussing a potential partnership.

Find out from your local courthouse (at whatever levels does the function) what steps and procedures you need to follow to evict in the case of NON-COMPLIANCE or NON-PAYMENT.

What you really need to create are the partnership documents or articles of incorporation so when you are all standing in the kitchen screaming at each other you have a document to explain how you will dissolve the partnership.

So long as its not a sole proprietorship or general partnership i have no objections...KudosMary

This definitely sounds a little more creativity ( win – win for both parites )Joe Hollis : You know how people " act funny " when it comesto money, so make sure the partnership contract is air tight.Also welcome to Biggerpockets