- People like the relative security and stability of a paycheck- it takes some money to get started, not everybody has it- You will technically be a business owner, that's for sure not everybody's cup of tea- scared, like Rob said; not knowing enough or not interested in investing the time to learn enough- If people have money to invest, they like to diversify and not put all the eggs into one basket/house.

If it's real estate related, you need to understand the risks of real estate loans in the US.

Specifically: "For purposes of this section, the term “federally-related mortgage loan” has the same meaning as in section 3 of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602)."

This means a traditional closing with all the related fees.

Hello BP forum -I'd love to hear how other landlords approach asset protection as it relates to your rental properties.

I mean, if the concern is over medical privacy of the deceased, then why single out just AIDS-related deaths for exemption?

All my other income is in the form of W4s and is relative simple.

Not only are you looking at the cost for the back taxes, but also the initial cost for the title insurance and other charges related to researching the lot's history.

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.

I guess its all relative but REI terms for me this would mean not getting into complicated deals until I have the experience to understand them and not to leverage myself to the point where I couldn’t handle the worst case scenario.