Or, really, I think its the value of the property less all selling costs (typically at least 8%) less any debt.Now I think that calculation is conservative if you have an asset that is appreciation and is spinning off cash.

I'm talking to one SVP at a bank who is interested in spinning off an affiliate owned or a separate originator, but we're talking at a national level, they are checking on the feasibility.I'd say the ones to contact would be those servicing companies that take seller financed transactions and modify them.

I have tried to do this the legal way to protect myself and I seem to just be spinning wheels.

Let me spin off another question.

Do a self assessment before spinning your wheels any further.

Or is there a more generic "rule of thumb" without spinning someone's wheels too much?

Would you start down the path of real estate investing or would you spin up more businesses?

I learned that I had to let go of that structure, if I wanted to survive as a real estate investor, because I had to be able to spin on a dime and change my exit strategy, if needed. 

When we sell our "stuff" we're gonna put the best spin on it possible.

I understand the desire to get that first rental; I've been at it for over a year and I sometimes feel like I'm spinning my wheels but I'm have to say, I'm not sure this situation is one you want to get into.