IT IS HARD WORK, it is not a GRQ (Get Rich Quick) scheme; too bad all the late night infomercials make it sound like you can be independantly wealthy in a day or two of getting their program, but I suppose that sells their products.Hope this helps...

I don't suppose it counts but I once gave a tenant a piece of my mind.......

they are all ready since they were suppose to be able to start on the 18th.Ended up getting the house for $72k, estimated renovation costs with labor is $20k ending up with $92k invested...

I suppose a healthy cash reserve could make me feel better, but man it feels like there's a good amount of opportunity cost there and I want to try to balance solvency with making sure I'm investing as much as possible as early as possible.Thanks again for your comment!

Growing up with cerebral palsy I know I’m not supposed to be doing what I’m doing now (investing in real estate and actually transitioning to multifamily investing).

That is something that you should probably talk with both the attorney for the estate and with the executor/executrix about as this will depend upon if one of the beneficiaries is supposed to receive the property.

You can set up many layers of LLCs, but if you disclose properly, and observe corporate formalities you basic LLC will provide protection even if the deals go south and loses a lot of money.If you try selling old railroad bonds that were supposedly backed by gold for large amounts of money (even though they are worthless), it doesn't matter how many layers of companies you have, a few depositions will sort it all out, or leave you in jail for contempt if you do not answer the questions.

Understanding how it is supposed to be done is a lot different than actually doing it, day in day out.

Its a good and wast topic to discuss.Do not suppose you can essentially gross up the sales price to recover these concessions, as the home has to appraise out.

You pay a fee and supposedly the prices were very good.