I'm still formulating my strategy but thing more along the lines of buy, & hold.

It is always nice to see people formulating ideas to help others!

Rich,Hope you enjoyed your recent cruise.Some of your plan sounds similar to the content from Ric Edelman's book "The Truth About Money", which I know you recommend.Was any of your estate plan formulated before you read Edelman?

It is good that you're formulating your strategy now.

Read robert kiyosaki book on Tax Loopholes, i read it and formulated a list of questions to ask a CPA when i find one to see if they are still applicable today... jus a few examples are decpreciation (unsure on how exactly it works but i understand the concept), some rules on capital gain and how to avoid it.

At first he wanted the grandson to get the house and now he's saying he wants half the money.First I need to get the grandparents to decide what they want to do with the money, and then I can formulate a strategy to get it done.Either way I have a call into the investor that was looking at it.

There is a TON of info on here so just formulate your questions and do a search for that in the search bar and I'm almost sure something will come up.

I'm in the phase of being a bit overwhelmed & not ready to act, but I'm formulating a plan.

Buy this, read it from cover to cover, and you should be able to formulate a plan that makes sense for you:http://www.biggerpockets.com/flippingbookBest wishes!

Thank you David Beard I read you very detailed response and I am formulating a plan to execute.