It generally takes a balance sheet that takes advantage of favorable state bankruptcy exemptions and pension laws to protect you from lawsuit judgments.Has anyone ever encountered this?

@Terry Evans After an encounter like that most people would quit this biz immediately!

Billy, I'm sure there are different examples on bigger pockets that talk about wholesalers encountering lawsuits. https://www.biggerpockets.com/forums/93/topics/184...The two main questions I'll be asking my lawyer are:1) What language can I have in my contract that will help protect myself from a potential lawsuit.

A wealth of information is available there and there are very few problems you'll find that someone before you hasn't encountered.

You'll inevitably have poor encounters whether you study first, or not; but being aware of what recourse you need to take when it happens will soften the blow significantly.I started investing in real estate when I was 17, too, and have since both flipped houses and become an active landlord.

I had a bit of sticker shock when finding out what the taxes are like, and this can vary from property to property quite a lot. 

Just don't complain when you encounter the same nasty strategy when you're a buyer. 

And I guess I'd also venture to guess (I may be wrong) that quality of encounter is more important than quantity of information given. 

I have been working out here for around 2 years already and after hearing the BP podcast over the years, I have encountered my first project in the El Paso area.In the area of 79928 in El Paso, Texas there is a lot of construction going on.

We put up with small spaces, rude encounters (not all the time but it's bound to happen), higher prices for most things and lots of other negatives (noise and dirt come to mind) because it's an incredibly fun, exciting, interesting and stimulating place to be - and to live- if you can make it work.