So, feel free to write a partial agreement that best suits your interests.

Now, the "LLC police" aren't watching over your every move, so at times, the ability to bring suit can be a stronger case.

If the Broker is sued, does he then sue the Salesperson to recover any amount lost from the suit?

My point is: don't stress about 2% - look at the bigger picture and see if this is the right return on investment to suit you. 

I want to call the shots in my own life and be my own boss, and I believe real estate is the vehicle that suits me best.

Hello,Does anyone have experience enforcing a PA via arbitration or law suit for specific performance?

Once this one is closed, rent checks are coming in and you can see how expenses iron out, etc you will be much better suited to identify a better deal in that area/market.

Have fun - don't take yourself too seriouslylearn the pleasures of COLD CALLING sellersread financial newspapers - look for auctions - law suits -failure to pay taxes notices and business opportunitiesSearch tax sales - attend tax auctions - read probate adssit in court - listen to cases - find motivated sellerscreate a Fiduciary Buyers Broker agreement with smart agents - pay them for non-listed real estate.don't waste your time with non-responsive agents - brokers - lenders or sellersbe demanding - get answers - don't be passive - at our age (I am 75) we don't have time to waste!

Just because you two have decided to skirt your financial responsibilities, doesn't mean that I will follow suit.

@Gina SmithThere are two types of services in the self-directed IRA realm, and your investment goals will determine which is best suited to your needs.Self-Directed IRA Custodians are processors.