Quote from @Lakita Woodson: Quote from @Michael Smythe: LLC's are overkill for most investors.Best for LLC Partnerships, where members want protection from the actions of each other. 

His share of the profit can be reported on a 1099 if it’s structured as a simple investment return, or on a K-1 if it was set up as a partnership.

Quote from @Garry Lawrence: I would talk with an attorney for this type of partnership.

I invest in the Midwest and see a lot of investors tap equity through partnerships or local credit unions that are more flexible than big banks.

Single member LLC formed in the state where the property is located or electing partnership status if there are multiple members is all that's necessary.

-Focused on long-stay corporate guests to minimize wear and tear.Scaling isn’t about buying more — it’s about systemizing what already works.Anyone else here growing through arbitrage or partnerships?

To lower audit potential a partnership LLC is 1 tenth the likelihood of IRS audit but you need a partner.

Probably why you're losing out on escalation clauses.Also, not all but most people see out of state investors as an opertunity to make money, not a long term partnership.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

The appraisal courses really helped me to understand real estate from the inside out and my interviews of other successful real estate investors and professionals help to form my principles.I don't really get involved with syndications and only have a few partnerships in properties, so I am not a good investor to ask for that.