@Jim Witten,On your next one, set up the entity first as, say, some unique LLC name, close the acquisition, then rename the LLC.

For specific guidance for your unique circumstances, consult your own CPA.

My situation may be unique but they're worth checking out.

As Russell says it is "very strict", and again, because it's unique to Maryland, most investors and teachers outside the state have never heard of it, much less know how to deal with it.

I have been active on BP for more than two years, and this is the most unique REI plan I've heard about here or anywhere else.  

You'll have to bring either money or experience to the table.

These broad rules of thumb make for fun blog posts, but are too general to apply in practice, and every deal is unique.  

If I had a realtor show me houses they listed on the MLS and I found an off market deal, I'm not going to invite them to the table for some money just because they're my friend's BFF.That's not how business works.

You lose the asset and unless you beat their actuary tables (yeah like that will happen) you get a fraction of the value. 

I've been thinking a lot about how to get my real estate business off the ground and I came up with an idea I think is really great. I was reading some quotes from legendary wise men and came across the saying that go...