If a tenant YOU selected goes under eviction, the legal costs are paid out of this pool.

If you structure everything correctly, REI provides an excellent tax shelter that's legal.

In your professional opinion, do you find anything wrong morally or legally with the practices Conti is teaching?

How about legal fees (I know what you'll say - maybe he has an uncle that works for free - LOL).

There are numerous other expenses, including property management, advertising, legal expenses, evictions, tenant damage, make ready between tenants, tenant screening, entity expenses, and CPA expenses.

A good CPA would be a good investment.Fundamentally, there's no legal way to avoid the taxes if you sell quickly.

Legally, the house is yours, per your purchase contract.

Well first of all, at least in my state it's not legal for someone to charge you a percentage of the deal for their services unless they are a licensed realtor.

I can read legal documents written 100 years ago as if they were Bazooka Joe wrappers.

Ok, I need to know how much money I will need to shell out before I get paid :PI've been told to say "I generally put $10 down to make the contract legal" or what have you, which is $10.