Just because you are paranoid does not mean 'they' aren't out to get you.Seriously though, you have a couple of issues mixed in here.First, if you have assets outside your real estate investing, things like investment accounts, high value collectibles, homes and other personal property you want to protect, putting your properties in an entity isn't the whole solution.

We aren't sure how to gain a mentor.. but I know that I can't get anything without asking.

The only time buying a nice house at value is bad is if the profits aren't there.

Most "mentors" I've seen do things that aren't totally correct, many lack the depth of knowledge to really teach, so you'll end up staring off learning bad habits or attitudes.

I'm starting a yellow letter campaign and tend to be thorough in asking every question so I know the edges of the process which includes putting houses under contract with occupant sellers, a new step for me.But I disagree with your comment (above my question) suggesting that you shouldn't put a house under contract if you aren't sure you can sell it...

They probably aren't fixed rates either are they ??

If you aren't spending 2-3 hours reading each day or night you are cheating yourself.While you are doing this, network, network, network.

And the fact there is sites where landlords can spill the beans on other tenants tells me there aren't too many lawsuits going on.And I doubt this man has money to even try a case.

So, if you aren't in an entity as I mentioned chances are good that you're acting illegally or at least contrary to the intent of state law.

I really wouldn't classify a broker/agent selling 2 duplexes as a commercial broker/agent.At least not to me they aren't.2,3,4 units is residential property for lending purposes.