What worked for me was focusing on building strategic relationships with top tier people (quality partners) who could complement what I brought to the table—sales, management, and execution.When you are approaching sellers for creative financing, leading with a clear value proposition (and CONFIDENTLY) is key.

Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.

My parents have their home for sale and are considering moving into this property if they sell their home and paying us rent. 

Lol.They have decent deals from time to time, but they are usually volume based, not in tune with market, and more motivated to push a sale than to really see if a deal is good or not.

I am currently a sales manager for a commercial tree farm and have recently been consuming Kiyosaki's books like they are candy.

If the extent of your real estate business is renting out your basement than no, a Wyoming trust is not necessary (in fact, a Wyoming trust is not necessary for 99.9% of real estate owners)....you were contacted by a fear mongering sales person, not someone I would consider to be offering credible services. 

If the trust gifts you the property, it retains the original cost basis, potentially leading to high capital gains taxes upon sale.

When you start asking the question, where are we going to get more housing for all of the 20,000 people moving to our valley every year, you look around and say: "I guess I will".Our first project has been over 3 years in process with a handful of friends and my Dad as the primary investor, we are ready to break ground on 17 units of townhomes and multifamily units for sale in West Boise.

The problem is that the projections and assumptions are too rosy to make the sale.

Purchase price: $740,000 Cash invested: $1,300,000 Sale price: $3,850,000 I refer to this project as a new construction house hack, as I secured a primary residence construction loan for a two-family home.