this is a little late getting to you (date wise)but the auction is a good way to find buyers.Buyers at auctions are cash buyers,and they usually don't get to see the inside (legally) of those properties that they bid on.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

My question is, once I give her written notice to vacate the property at the end of the month and she doesnt leave, can I legally change the locks and lock her out since I dont have any lease aggreement with her?

The legal theory is that the corporation/LLC is a different legal entity than the person who owns it, and thus representing that entity in court is the practice of law.

Legal and Professional (CPA)d.

It is not so much the tax benefit but the legal protection that makes it worthwhile.

Now one of the investors I know in Atlanta says that his attorney requires that he have the funds to close on a double closing just in case it falls through, but he didn't mention that it was a legal requirement.Now if the buyer doesn't end up closing I could see where there could be some legal ramifications if you don't have the money, but I have doubts that there is legislation against it.

I made a template with; address, legal description, date of acquisition and capital cost.

Here is my challenge what it will be the best way to me to have a legal protection and hide my name.

i am looking to set up an LLC owned by my Roth IRA. i would like to find someone who can give me a legal opinion on having debt within the LLC, without having to pay taxes on profit, and compensation within the LLC.thanksjim