If you do that you may end up spending more of your time doing lawyer activities and less doing real estate investing which could be counter productive depending on your goals...

I am very active now in Milwaukee but plan to begin buying in Pasadena as soon as I am ready.

This means that all the LLC activity is reported by the owner and the LLC files no separate federal tax return.

There are other threads on entity choice, so substitute your favorite entity type.Jon

I am actively seeking out partners to help me begin what I already know will be an amazing ride in the real estate investment world.

Depending on the recent activity on your reports, that deduction will be between 5 and 8 points out of your score.

Are you active in commercial or residential real estate?

Just to quote a few of my favorite lines on this subject:The rich act in spite of fear while others allow fear to stop them.Rich people do what others think about doing.Adopt wealthy ways of thinking.AND MY FAVORITE:The greatest mistake in life you can make is to continuously be afraid you will make one!

I think he was satisfied with my services and at that time wanted me to play an active part in evicting a whiny "never satisfied" tenant.

Originally posted by "AnnaW":When you have a FT job and sit on BiggerPockets all day long.That may be my favorite one!