If you were buying 60% in an existing business, what percentage of the shareholders need to approve certain decisions?

Would this allow me maintain all financial decisions regarding the asset, without risk of getting sued or removed from the entity?

The rule doesn't help the person of more modest means who educates themselves and is fully capable of making their own investment decisions.

It's easy in today's market of crypto-millionaires and fast-action TV shows to feel like you're missing out on a craze, but the worst thing to do is get yourself into a property without knowing the numbers behind it, resulting in sleepless nights, unpaid mechanics liens and potential foreclosure due to hasty decision making. 

But, with wise decisions you can pick a good rental.

What I'm wondering is if this alone should be enough to base a decision on.

Do these markets fit your defined criteria or are personal motives more involved in your decision?

Cashflow=Rent-PI-Taxes-Insurance)Of course Brandon's approach brings more peace of mind, and make more financial sense, but I would like to hear some different perspectives on how everyone out there is calculating (and taking decisions) around these ...

It initially appraised for $195k in the original poor condition.

In Robert Kiyosaki's "Rich Dad Poor Dad", he writes: “I began shopping at the bankruptcy attorney’s office or the courthouse steps.