As per my state, all hoa's must file as a corporation with the secretary of state.

Someoptions: sole proprietorship, general partnership, limitedpartnership, limited liability company (LLC), limited liabilitypartnership (LLP), small business corporation (S-Corporation), corporation.

Steel, Olin Corporation, Illinois Department of Transportation, Wood River Refinery, Ameren CorporationSt.

I currently work full time in financial services servicing mutual funds.I have always been interested in real estate, seeing it as a way to build passive income, and a lifestyle that has more freedom than the long hours working in corporate America provides.

Unilateral contractWith a Lease Purchase the tenant/ buyer is obligated to buy and is in breach of the contract if they don't close the deal.  

2 - If you have other obligations (job, family, etc...) that also take up your time, how long will the project take to complete?  

I am a corporate attorney, but I am also developing an expertise in real estate to cover that part of my team. 

Here it is not infrequent when dealing with one of the Big-5 banks - who have centralised, national underwriting cubical farms located halfway across the country from us - to have to ask for an extension on Close.One of these lenders - who shall remain nameless, but whose corporate colours are red - has been particularly problematic.  

I believe this is not an issue if you are a passive investor (not manager of LLC).As for your loan question, I deal with commercial properties, and so the lender looks first at the cash flow of the property can meet the loan obligations (debt coverage ratio).  

This is a fairly common topic at my REI club meetings and there is one that is a corporate sponsor of the meeting and a lot of members are doing this.