A lot of wholesaler trainers selling courses disavow themselves of any liability in the fine print.No legal advice given.   

This implies that I can purchase neglected properties, rehab, and have additional appreciation (more per unit than many other parts of the country).So my recommendation is you look again at San Diego REI before considering out of state.  

It was implied that we would likely get audited and they would not be able to defend that claim. 

Thank you all for reading.I was a personal trainer and competing in Jui Jitsu tournaments up and down the east coast.  

Usually 0% interest implies equity turnover.

Many states protect tenants with implied leases.

.- I spent $$ on weekend trainings, at some of the REIAs got to know a few of the local experts, trainers, mentors, etc.- Started buying rentals, rehabbing and growing my portfolio- 5 yrs ago i started letting memberships laps and only spending time at the orgs who had the most honest, experienced AND doing the most deals groups.   

This could be firmed by you, hired by you (pro fiduciary) or one or more individuals.The trust document should contain an operating agreement that addresses management and distribution of expenses, income, etc.For a good place to start your research is to buy the book on trusts by attorney Mark Warda, which is used by trainer Jack Shea.

That implies I can only use 80% LTV on a primary residence.

You can absolutely screw up and lose money trying wholesaling.Words like no risk, can't lose, guaranteed etc. all imply an absolute outcome.