If I had to do it over again, I wouldn’t because the agency is slow and makes mistakes all leading to you not getting paid.

The question is whether or not all parties will be actively involved in the deal (JV/partnership) or if there will be one lead/sponsor/general partner and the rest will be passive investors with expectations of return on their money (syndication).

Pay it out of the account that works best for your tax and accounting purposes.

(a) A landlord or any person authorized to enter into a rental agreement on his behalf shall disclose to the tenant in writing at or before the commencement of the tenancy the name and address of an owner of the premises or a person authorized to act on behalf of the owner as agent, inter alia, for purposes of service of process and receiving or receipting notices or demands."

Your LLC now has inventory worth 100k (note that no expenses have occurred yet for tax purposes)3) You sell the inventory for $140k so your LLC recognizes $40k in ordinary income.

So it seems that the missing components, which lead to the conflict of information, was the income level and RE Professional status. 

Whats the difference between a licensed broker and a consultant doing the same thing of giving a lead or referral?

I was told I'd receive 3-5 Zillow leads per month.

I have recently been in a wormhole of using a 1031 for investing purposes, spoken with a lawyer, title agent, accountant, and a broker.

Not cheaper, just easier to deal with.There is nothing on the horizon which leads me to believe we are in for a market correction in the immediate future.