My no 1 problem is to continue to obtain loan from the bank.

I am a doctoral student with: [list]little debt (car loan and 35k in student loans), little assets (3k in an index fund, 7k in a target retirement fund/Roth IRA, 1k in individual stocks, 5k in cash), little income (just my student stipend of less than $20,000/year and another $2-3000 from web design and illustrating jobs on the side), and a little family (wife and two kids).

If you have an older house that was added to decades ago, and the county records do not reflect those changes (they did not obtain permits back in the days when this was not well policed,) the AVM will kick in and a huge discrepancy will occur in perceived value.

Also, you can obtain Wendy Patton's book on the subject, which is pretty good.

[POST EDITED BY ADMIN]

Then, make the beneficiary of each LT your corporation, personal property Trust, Asset Protection Trust, or Series LLC.

Is this true and if so what kind of license is it and how do you obtain it?

They sometimes forget about their own suggestions (escrow account) and when you have one with $20k in it, they look very favorable upon your ‘cash on hand’ and business-savvy practices not realizing that it is all current assets by GAAP standards; meaning you will expend it all in less than 12 months when the tax bills and insurance bills come in the mail.There is much more….

But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

I dont' see any reason to cut into my golfing, skiing and traveling time in order to accumulate more financial assets.