OTH, if someone doesn't pay miuch attention to their business, they operate in a care free manner, are often negligent in other aspects of life, then doing all you can do to hide out might be a good way to go.This public liability razz is way over hiped IMO and insurance is your best solution.Hey, not implying our OP is paranoid, I know he has good reason to be concerned from other posts, but don't take legal advice from a CPA and don't ask your attorney to set up your accounting systems.

There are very skilled wholesalers who market their mentoring abilities nationally and I also don't know how important current knowledge of the mentee's market is.What might I be overlooking, and how important is local market knowledge or having the mentor have a financial state in each deal in order to sustain their attention and availability?

The way my attorneys explained it to me, if you conduct your business in a responsible manner and maintain your entity properly so there isn't any fraud or misrepresentation, then your attorney should be able to have the court dismiss the personal suit against you and force the plaintiff to sue your LLC by itself.

I don’t think these rates would be sustainable for any borrower, much less a poor, rural farmer in India.But if the interest rates charged by these loan lenders in India is between 5-10% per year, which seems more likely, this is still making loans available that otherwise would not have been available.

Richard look up your local real estate investor association.If you go to work for a flipper to learn the business make sure you are not used and abused.Make sure they have completed a certain volume of deals and that they have the knowledge to give you.What investors do not want is to work with someone with no drive who wastes their time.If they will pay you a decent wage that is at least what you are making now or more,you hit it off from the start,etc. then you are on your way.Eventually you can partner with them on some deals when you save up some more cash and they will show you how to save and supplies and do quality repairs and upgrades in a fast manner.

Perhaps they are just acting as a normal agent in this manner?

I don't think you're being unreasonable in wanting this taken care of in a timely manner.

do they refund in a timely manner the 12.5%+7.5% [6 months interests] they require to be placed in escrow, until pay off of the credit facility?

He approached me in a very secretively manner, saying he didn't want to let the cat out of the bag, strike one, trust has to be there with your lender or investor.He was too excited, his new product for resturants was going to revelotionize the food industry......strike two, no one is going to change the world overnight.His marketing approach was too well based in his excitement for his product assuming too much growth too fast....strike three!

They are not going to give you credit for any "business income", as self employment income has to be sustained for 2 years on your tax returns to be counted.