It is necessary to determine if the individual is operating a business or is acting more as an investor.

It's odd to me that the far right trumpets freedom and individual rights yet has no problem with inflicting religious views on the entire nation contrary to the pricipals of freedom of religion....I guess you are free to believe what you like so long as it's the same way as the far righties.

I'm guessing there are many more struggling individuals out there that read this post, but are fearful of chiming in.

,I have a few references for individuals in that area that I have worked closely with.Keith Huebel, CPA Huebel & Associates CPAs, LLCThomas Bridgman, EA Brent Financial Group., LLCAlso remember that you don't have to limit yourself to an accountant who is located near you. 99% of documentation nowadays can be had digitally.

I am not too familiar with the Colorado market but in Las Vegas you can pick up some good rentals for $40k and generate cash flow monthly.

Individual Units: Need power washing, junk removed from yard, grass cut, bushes & trees trimmed, skirting tight & neat, no junk vehicles on blocks, homes need painting, etc. 4.

So, it may take some searching to find the right bank.If you're intention is to build up a large portfolio, and the properties truly cash flow with the loan payment, maybe you want to use the cash they're generating to add to your portfolio rather than paying them down.

I have a cheap house i want to sale to an individual AS-IS, but do not want to spend the money to have an attorney draw up a contract and do a closing.

There are way too many variables for most inexperienced individuals to accomplish this on their own, even if the bank would allow it.

If you had a sole proprietorship, I believe the taxable income could pass through the LLC onto you, and you then only have to pay personal income taxes (not be taxed for the income as an LLC, then individual... with sole proprietorship LLCs.)