And you provide services for the S-corp.The S-corp then should pay you a reasonable salary, and your (disregarded) LLC should not be part of the payroll arrangement.

Shouldn't we be able to protest that appraised value if we could provide photos and documents to support the home was worth around what we paid for it?

Take advantage of educational resources provided by sponsors, attend webinars or seminars, and ask questions to deepen your understanding and confidence in the investment process.5.

Hey @Chao Yi Shih It doesn't seem like a bad deal based on the info you provided.

During the rental process, we independently keep track of: The leads who contact usNamePhone numberEmail address (if provided)How they contacted us (Zillow, Trulia, CL, Hotpads, etc.)Any other details we deem pertinent.It may be overkill, maybe it could help us prevent and/or investigate/report this kind of fraud if we need to.It sounds like we need to step up our game the next time we list these properties.

I worked with the one title company I found that would handle such a sale, and the sale was completed (with the help of Tax Title Services).I haven't bought any properties at tax-deed auctions in the intervening years, but I still look at the properties up for auction.

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.  

In general,LLC will provide basic asset and liability protection and allow you to get its own bank account, where you can receive money, pay expenses and distribute profits.

I am using the latest software to manage my business, including Houzz Pro and Hover, both providing imaging technology to scan and measure homes while providing 3-D modeling technology accurately.

Yes I essentially have 2 services, one being property management and the other being Real Estate Broker Services.