The book referenced by Hadi above is a good starting point and will provide you with enough information to have a realistic dialogue with your accountant and council about how you should proceed in the near term and when you should look at incorporation (and structuring of corporations), trusts, etc, as your investing business grows.

By the way, is the bank required to stay in dialogue with me exclusively until we come to a price?

[/b]Lets get a dialogue going . . .

The dialogue that is created by the discussion of these concepts is beyond valuable.

These matters could always be put to a vote or an elected Board of Directors would probably be the simplest resolution.The management is in place and can be utilized or replaced as necessary.Please keep the dialogue coming as all the opinions are useful for my model.

Great dialogue by all!

Tina,I would just start the dialogue, whether you call or knock on their door.

Do you know of anyone here where I live that I can begin a dialogue?

My best advice would be to go talk with your mentor buddy and develop a strategy to engage this seller in substantive dialogue concerning a possible sale.

Do I inspect the house when I first get there? Or after we sign the agreement?Can somebody give me an example or maybe a real story? Im confused. Thanks bp.