I thought one of the more surprising aspects is the self certification for the QOF vehicle (partnership, corp, etcJ.

Real estate is the best vehicle to financial freedom

., not a law firm simply cranking out cookie cutter agreements).2) In my State, there is an $800 State filing fee that must be paid every year for each LLC when an In State LLC is utilized, or in nearly every other case, where an Out of State LLC is utilized.3) Very inexpensive Umbrella Insurance will most adequately address all of my realistic liability issues.4) Mandatory ongoing maintenance, record and reporting requirements are avoided for each LLC formed.This does not mean that LLCs are necessarily inappropriate vehicles for some individuals with a scale of operations and scope of liability that makes entity formation an effective and efficient liability limitation tool.

But this got me thinking, if I did own the property, and the door was in-fact hanging too low because it was off it's track; would I be responsible for repairing his vehicle?  

We pay out the you know what in insurance, workmans comp, and vehicle maintenance.

For me, the ability to put some sweat-equity into a property, fix it up myself, improve living conditions, increase rents, add value is what separates real estate from other investment vehicles.

I have used my brothers address as my primary for those past 2.5 years on the road because it legit was.. even though i never was there, i had to have some sort of primary in which to register my vehicles, pay taxes etc etc....   

"FHA will not insure a mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be insured will be the only one owned using FHA mortgage insurance." 

I wouldn't pursue it in court but we all know that the vehicle encountered a door that wasn't fully opened.

Start by replacing your expenses net of work costs (clothes,  lunches, rushed dinners, daycare, gas/vehicle w&t, travel, higher taxes, etc).