And Dion and I would argue that if you don't provide a personal guaranty, #2 provides less risk because you only have $20K to lose rather than $100K.Obviously, there are other risks -- hurting your credit, hurting your reputation, etc.

If you were around this website back in 2008-2009, you'll remember a lot of posters who were preparing for the apocalype...buying guns and ammo for barter, digging holes in the ground for shelter, stocking up on physcial gold, etc.

This website is amazing.

As I am researching, I came across this website FlipComp.com I am probably not ready to invest in this tool just yet, but would like to know if anyone is currently using this and how it is working out for you?

There are a buncho web sites with "state specific"PA's, but I haven't looked at them.

Thanks @Benjamin Winokur- what's their website?

I cannot suggest a lawyer for you but setting up a legal entity is pretty simple.If you know what entity type you want, you can simply go to your states website and set it up.

There are also a few websites that show what others are asking/renting their properties for.

I am always willing to work with new investors that are willing to make the investments.Also, check out my website: www.kansascityinvestmentrealestate.com

I am looking for a website template that I can send potential private lenders to.