This is very easy case for the IRS to declare such joint investment to be a "prohibited transaction".If IRS determines that your IRA engaged in a prohibited transaction the penalties can be up to 100% of the IRA value.

So buy their books, join their programs, engage in their community. 5.

As the buyer you decide what you want to pay and hope you have a agent that 1- will offer it and 2- will do a good job negotiating it.Bottom line is, assuming your agent is fully engaged and on your team, you make all the decisions.

I really enjoyed reading his book: it was engaging and a smooth read. 

I've done 3 deals, my first one I worked alongside a mentor he held my hand through the whole deal and took over towards the end because I still didn't know or had experience dealing with banks, the other two I did on my own where I put up the Ernest and Option money and sent the contract off to title and I didn't even have to do a double closing because both my Seller and Buyer knew from the get-go what I want for providing my services and I'm all about fair deals, I hoenstly see wholesaling as a necessary evil.

As you mentioned, I make sure I have enough umbrella insurance.I also engaged in other businesses, so I also file returns for LLC's, S Corp, and even a C Corp for a while, so another LLC for the rentals would just be another return.

Don't hesitate to reach out to people and engage in conversation, and post questions- its how we learn.

We have engaged an amazing bookkeeping company that has numerous real estate clients.

Congrats on your engagement!

I recently started engaging with a company called Equity and Help, they purchased Equistream.