I recognize and know most of them and they give solid advice. 

If you have significant assets and have a trust or estate plan, I suggest you bring those players in as well to address issues that can affect other aspects of your legal and financial life.There isn't much tax savings as opposed to dealing as an individual other than an entity will make expenses easier to recognize as a business expense rather than being seen as consumed for personal use.

Even if it was a predictable market then I am not sure any new investor would have recognized the fact.Each market is really different.

However, the downfall is that, the person who you recognized on the advertisement....will NOT be at the seminar.

@Julie Gates My wife has been a Realtor since 2005, and she was recognized as being the 33rd most productive Realtor out of 9,025 in NE Florida.

Which you might not recognize until you've seen a few.

I recognize before I do such a transaction, even with the benefit of knowledge from this forum, I need to use a lawyer.

An LLC is NOT recognized as an entity by the IRS, because LLC's are state level entities. 

We have a crystal clear conversation about this at the lease signing.To show I am not a grinch - part of my agreement with folks is that every 13th month I discount their rent by 10% to recognize their on-time payments.

This may not be possible if 100% of the gain was recognized in Year 1.