It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

This experience will help you prepare for more complex real estate deals in the future.

We explained why we decided not to sponsor the deal, how you could approach the situation better next time, and what you need to have prepared when you approaching other sponsors in the future.

You'll also want to make sure you have your full team ready so you can be prepared when the right deal comes along. 

I sell insurance and prepare income tax returns but I am not an attorney and don't play one on television or radio.The Illinois Legislature has a law either pending or just passed that will GUT LLC protection.

However if you have no credit history in the US, be prepared to put at least 30-35% down at a higher rate. 

Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.

Now that Steve has provided you with the right places to look, you will be even more prepared in your vetting the next time.

Could be that the funds that bought the loans are liquidating, or it could be repositioning in preparation for future business.

The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.