Is this being daisy-chained?

Some opt for private lending to avoid this tax and still have investments secured by RE.   

This is a more affordable option but only protects against named events.Comprehensive Coverage: Often called “all-risk” coverage, this protects against most unexpected events, except exclusions like flooding or earthquakes, which usually require separate policies.

This is even true for student debt.I recommend the old-school, proven technique of paying off all debt.

This is a risk item.  

Quote from @Chris Seveney: Disclosure: Yes I am a private lender but we do not provide this type of financing so I wanted to #ASKI have a client who has around $5M in real estate that has properties in GA, FL, NV and texas.

That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.

None of them use this "1% ownership" arrangement.I seriously question what this attorney has told you. 

I wanted to bump this thread.

Purchase price: $575,000 Cash invested: $218,750 Sale price: $775,000 This was a tough one.