I would prefer to just have one check to minimise complications.

If the market is volatile, I would be more inclined to fix and flip in order to minimise risk.

Simon,One of the ways you can minimise your tax liability is to set up Solo 401K plan and contribute as much as you can.

Focus on a scale and type of real estate investing that minimises the variables and makes it easy for you to digest.

Thankfully, you do not need to be familiar with all 70,000 pages to invest in real estate but you do need a competent real estate and tax attorney to minimise your tax liabilities. 

Banks want it off the books, minimising liability; that's why they sell.  

There may also be certain tax consequences to consider when choosing the type of entity you want to form, for example, for Canadian citizens I often recommend setting up an LP rather than an LLC to minimise the tax liability on the Canadian side. 

I have done extensive research and what I keep find out is if you do your due diligence you can really minimise your risk.

The first thing I would be doing is trying to minimise how much in tax I would pay.

Originally posted by Bryan Hancock:Hope this helps...A great site to visit is Shadowstats too:ShadowstatsYou know, Bryan, it is apparent from this post that you have done quite a lot of reading on the subject, or at least know the source of a lot of info on the subject.I am far from an economics expert, and am just working my way through this type of information as a layman, to see how it could affect me and what action I could take to minimise risks.What interests me is that the shadowstats site you recommend is incredibly pro-hyperinflation, and yet you are not convinced.As I said, I am no expert.