With over 15 years as a Certified Financial Planner I felt a need to weigh in here.Jon is pretty much dead-on with his comments.I wanted to point out a few things:Most people will always have a need for some life insurance for their entire life.

A very big portion of those big juicy checks belongs to our benevolent social planners in D.C.As bad as taxes are they are a necessary evil...

If you ever said what you did, I missed it, I just guessed at insurance/financial planner, broker/CFP, just guessing....take a shot, what's your opinion?

The issue is that the property is listed as a 3 unit in the county's website, but I called the city planner and they said that the property is zoned as R2.

Identifying the business aspects of any project, zoning modifications, meeting with city planners and adopting a concept for the project is not rocket science, neither is the glossy presentations since there are many specialists that can accomplish the same thing.

Right now, the selling of a note only nets someone about 50-80% of the note value which would be the same thing as selling the home at 50-80% of ARV so I would check into the potential of an heir who would inherit the steady income flow through a seller financed sale.I do realize that he is not interested in holding a long term mortgage, but in considering that he may be able to set up his children with a long term income to help them through the probable long term recession problems then you might still have a chance for this route.I am not sure of the Inheritance tax side of this so it would be best to also speak to an financial planner, CPA, and attorney for their input.

I'm trying to buy a house went to a morgage planner, they told me my credit was good but I have a moble home that I bought in 2000 thats on my credit and missing my debt to ratio up.

It also helps that the agent uses a good follow up system, weather it is a day planner, CRM, online took, or even Outlook; as long as they actually use it effectively.A new Realtor that we are trying out to sell our houses uses social media, respond to question though other listing sites besides MLS (ie Zillow, Yahoo, etc), and not afraid of doing things outside of the Realtor world (ie she'll call on FSBO).

He became a Certified Financial Planner, eventually owning his own financial planning firm and insurance agency.

So if you plan on publically advertising for investors or doing massive syndicates then you need to study up, but if you plan on using your self directed IRA or your business partner's nest egg to buy property then you should talk to your accountant, your attorney, and/or your financial planner and skip the trip to the Securities and Exchange Commission.