I've been focusing on wholesaling, but am interested in all aspects of real estate.

I've been trying to deconstruct the LLC beast and need some clarification on a few aspects of my situation.  

They're free and an invaluable resource for learning how to do different aspects of real estate investing. 

Annette - You seem pretty familiar with the general aspects of adverse possession and similar legal issues.

That being said, I think many investors in Tallahassee may need to up their games and consider renovating some aspects of their properties.  

For those who hold licenses and certifications in other professions, greater attention must be paid to legal and ethical aspects in real estate dealings.

The bottomline, @Leo Semenov, is that you have to decide what how much risk you are willing to undertake and whether you have other viable options.This is a great place to learn about all aspects of REI so use the resources here and you'll be well on your way.  

Check out my profile for more detail, but the short version is: I was a Realtor/Loan Officer in HI between 2004-2006, so I understand that aspect.

When you hold a {rental} property in a corporation, income is taxed at the highest corporate tax rate - which increases the benefit of claiming the CCA deduction each year and mitigates the punitive aspects of the recapture.In addition to how you hold property, the length of the hold will also factor into whether you claim the CCA deduction; claim the deduction for a few years than stop; or do not bother to claim the deduction at all.  

That aspect of it generally makes that type of financing slightly more expensive than a regular recourse loan, but usually not by much.