In determining whether the company is the alter ego of the individual, Ohio courts consider the following factors:(1) grossly inadequate capitalization, (2) failure to observe corporate formalities, (3) insolvency of the debtor corporation at the time the debt is incurred, (4) shareholders holding themselves out as personally liable for certain corporate obligations, (5) diversion of funds or other property of the company property for personal use, (6) absence of corporate records, and (7) the fact that the corporation was a mere facade for the operations of the dominant shareholder(s).The Ohio Supreme Court has recently revisited the Belvedere test in Dombroski v.

I would find another attorney merely based on his attitude. 

I'm merely proposing a solution to them as a way of helping their clients dispose of a financially or physically distressed in a somewhat elegant fashion.Below is the body of the letter. 

Specialized skill in solving unique problems will set you apart from the run of the mill investment strategies and formulas.This a people business and a problem solving business, not a "real estate supermarket" where you merely pluck properties of the shelf looking for the lowest prices, highest yields, and comparison shop like going to Walmart or Costco.My personal preference after 20+ years of investing is that I would much rather drive a 2-3 hr radius digging deep for opportunity than hopping on a plane for 3 hrs one way, spending a week in a hotel and buying off the shelf.  

I found this property by merely telling my neighbor i am looking to acquire more properties.

@Julie Meche Out of town iinvesting is good but there's a primary prerequsite for its success: you must have booths on ground, credible people to work with.I must advise that you must be very very careful....most of the people who claim to be turnkey providers are mere marketers......I am speaking from personal experience and so you will need to do your independent research to distil this.

I also figured it would help build credibility and rapport with a motivated seller.As for money, Wholesaling itself is merely a way for me to really break into rentals.

The issue Jay was pointing out is not merely in the number of units, but in where the units are located.  

Heck, I want to fly commercial aircraft, but a mere desire without the requisite knowledge an experience is of little use.  

The mere fact i wouldn't be able to pay off the initial loan + cash loan would indicate to me this would be a no go deal, but I think there is something I'm forgetting to do?