If you put landlording next to exercising, exercising might be more passive as an activity.

This whole exercise may or may not make sense depending on the reason for doing it.

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.

If it was medical debt or mortgage debt, you’d be getting more help here.We know how you live - fiscally irresponsibly. 

So people vulnerable to lawsuits, such as medical doctors in “high risk” specialties, might consider placing assets in a trust.  

Quote from @Gregory Wilson: This depends on what level of control you can exercise over the W-2 employer.

Outside of real estate, I enjoy my kids, travel, exercise, wellness and I am also a former Financial Planner turned Mortgage Lender. 

Add a very diversified economy here with banking, insurance, oil and gas, education, three medical schools, 3 law schools, life sciences, DFW airport, and so much more, it looks like the growth just goes on and on.As far as appreciation goes, that's always tough to predict. 

Think about the extra income you need on top of that to pay for retirement(if it's just quitting work early),  medical bills, and unexpected expenses.

Question - if you’ve contracted for a property you intend to “wholesale” - i.e. flip the contract - and that doesn’t pan out, do you exercise a clause enabling you to exit the deal, or do you close it in your name?