Also How can I make sure that I am protected, and get my share of the profits?

it matters what type of business in you're in, what business entity will be most effective for you (taxes) and which will provide you with the greatest protections (assets).having said that - don't get caught up in all the craziness of the ultimate buzz word in rei - "asset protection".a business has to have a plan.

The REIT usually is or will go public, so you have more liquidity, can choose when to sell and recognize your taxes, if ever, remain diversified in real estate without any management headaches because now you own a security that invests in many commercial properties.

We hear that he will be going back with period looks in the public floors.

I would like to know what disclosure forms you all use with homeowners when pursuing a short sale (example- homeowner 1099 tax implications will arise the following year. what are things a homeowner will need to be aware of and acknowledge in writing, in order to protect myself as well as inform them sufficiently.

In some publications you will get negative feedback or calls from regulators concerning what is being offered.

Secure public information from courthouses, utility districts, etc;6.

It is not so much the tax benefit but the legal protection that makes it worthwhile.

My question is, what is the best way to protect my interests here (i.e. my knowledge of a great opportunity)?

For instance, I'm sure there is still some sort of contract between you and the "seller" in order to protect them.