I don't know what you want to do or your goals but I'll talk about fix and flip as your choosen strategy.Learn fix and flip fundamentals.  

@Jerry Robinson check out this group: http://www.meetup.com/Atlanta-BiggerPockets-Real-E...We will meet on Dec 17th ..

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

You can get separate lawsuit protection if you go to a liability insurance broker on top of your E and O I coach subject to, lease option assignments , joint ventures with sellers on minor rehabs, Wholesale flips, etc.

@Christopher Hunter Hi Christopher - the address is 1024 E.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

The economic and financial fundamentals don't support it like they did in 2008.

:>)Not being disrespectful to your friend, but I believe he invested without fundamental.  

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

Approval of sellers schedule E tax form5.