I will summarize it by saying when you get a loan, you sign a promise to pay back the loan.

To summarize I would avoid areas in Detroit as you describe your target area to be.

So, if he can't/won't summarize it in a post, this is likely why.Btw, I've touched on this topic in one or both of my Podcasts here on BP...feel free to check them out...

That's amazing because the impact that will have on your future is exponential compared to starting at 35.All of this advice has been amazing and I think to summarize you need to do the following in this order.1.

To summarize some of the great posts above, an LLC is complicated, can cause issues, and typically doesn't provide the protection you think it might.

If someone is active in RE they will not be paying NIIT in the first place...So to summarize, a low income taxpayer may be able to hit the 0% cap gains rate and a high income person who isn't active in RE may avoid 3.8% tax. 

@Mike Dymski summarized it better than I could.You are looking at this from the point of view of 'how do I get money to do what I want'.

I think the article's main thesis can be summarized in the following syllogism: (a) Poor people use more government resources than their tax contribution, (b) Illegal aliens are on average poor, (c) Therefore kick them out.Now, you have in the past posted stuff on finance, present values, etc.

Check out this article by the SEC for more information:Persons Deemed Not To Be Brokers - Final RuleThe paper summarizes comments and the exceptions:1.  

They are summarized below as more favorable financing, easier to sell, more properties available, and a safer investment. 1.