There are some cases where you would want to do this, but it is beyond the scope of this post.Liability (This is primarily a state designation although it is fairly standardized across all the states):Sole proprietorships and general partnerships are essentially a person(s) acting as a business provides no liability shield.Any company of any form can have the veil pierced and lose the liability shield if it is not treated as a separate entity from the persons owning the owning the business.

If the contract doesn't indicate that clear ("marketable") title be a precondition of the sale, you risk losing at-least your earnest money if the title is clouded and the seller refuses to clear the liens.

So, all told, we didn't lose money on the deal, but we didn't make much either.

It hurts losing so much money.

One interesting section of the article mentioned that you would definitely lose money if you are moving every couple years.

I've noticed the job market has been tough with 5-6 tenants losing job/laid off in the last 1.5 months.

There is a lot of ways to make and LOSE money in this industry.

Losing an occasional deal is just a cost of doing business and I don’t expect to be paid for every phone call (Yes, I’m exaggerating).This topic was also covered at length in this thread: http://www.biggerpockets.com/forums/22/topics/65735-how-to-verify-private-and-hard-money-lendersThere are many problems you can protect yourself from.

LOL Good luck trying to figure it out, Ryan - heads of national and international financial systems have been trying to, and losing their pants in the process, much the same as everybody else, the masses who follow suit.

I'd venture to guess that even in the turn-key world, averages are meaningless.