Thanks for the posts, I've created a thread with a bit more details on the Geneva Situation : http://www.biggerpockets.com/forums/12/topics/83728

. - Three things sir.1) This and any other business where you have to survive on your own (create your own paycheck, create your own benefits package and create your own retirement plan) is not for the weary.

Overall, it's great job and I think Josh and team did exactly what they set out to do - create a definitive guide to all beginning real estate investors.

Bill Gulley I like that idea, but wouldn't that potentially create a situation where the minority partner would end up with a much larger percent of their income subject to SE tax.

I only know of two ways to get around this: 1) You can create a land trust and put the offer in via the land trust(you may want to google this or search the BP forums) 2) You can add your end buyer on to your LLC and then disaffiliate yourself from the LLC.

,Think of the liability insurance as working together with the type of entity you create/use to own investment properties.

The IRS would classify someone in that capacity as an employee.Just something to consider when you're creating the job description...

The object of the game being: how much marketing value can I create in as few letters or syllables as possible.

These instruments were created to differentiate what a distributee is receiving, specifically title to real estate as to the condition that existed when the decedent owned it.

Property being created at $85/ft.. . arguably worth $85-90/ft.