If they can't understand how they are protected in that aspect, I don't need them!

Welcome to BP community @Jeremy Shinall   It is a great place to meet new friends and learn about various aspects of real estate and more.

I started a new aspect of my RE video blog and I incorporated a look back at my 2005 goals in it.

I hope to bounce some deal analysis off of some weathered investors and to understand the business and legal aspects of real investing.

Having non-liquid assets means pledging the assets, this is not a DIY thing for you to try to do, get a corporate attorney, familiar with subsidiary and affiliate entities.You have a lot of bases to cover in the Operating Agreement, buy-sell agreement, removal of officers/members, pledged assets, accounting of profits, hold harmless between members, insurance loss proceeds, cut-off amounts for disbursing funds and creating liabilities......have your attorney address these as well as other aspects.

Welcome to BP community @Kevin Reynolds  It is a great place to meet new friends and learn about various aspects of real estate and more.

Welcome to BP community @Elliot Larkin  It is a great place to meet new friends and learn about various aspects of real estate and more.

The IRS was certainly criticized by the Inspector General last September for failing to provide adequate supervision (audit) and instruction (guidance) over 1031 exchanges, especially those involving vacation properties and second homes, which were just addressed in Revenue Procedure 2008-16.

As with so many aspects of this Real Estate game, it is less important what YOU believe in (or what your intent is), what matters is the belief (or perception) of the other parties involved...tenant, prospect, buyer, etc.

I am convinced that people who criticize Fox News for it's bias have not actually watched Fox News for an extended amount of time.