It is importatnt that you meet with your legal, financial and tax advisors before structuring any tax-deferral or tax-exclusion strategy.

My question is why isn't any professionals firms and law firms get involve on faciliating the mulit-millions and billions dollars with the large capital investors and banks senior officers or their legal department?

Maybe I should post the second part of the original question in the Tax & Legal Issues forum.

If she was to need care then in some states it is legal for the state to force a sale of the property so that her care costs can be covered.

Originally posted by "REI":You know the quote about not being able to see the trees vs. the forest.John CoreyThe same could be said from the other side of the fence.There are just as many (IMO even more) media talking heads saying the subprime mess is overblown and ignoring poor housing numbers that keep coming out month after month, day after day.How many car salesman have you ever heard saying it's a bad time to buy a car?

I work with my mom, she does all the legal stuff i cant do.

Or some form of legal corp are there benefits, taxes etc....Is it better to just remortgage my home for a down payment and get the rental?

I have done a fair amount of legal research in the past several years.

These include penalties, legal fees etc.

In addition to taxes and insurance, maintenance, vacancies, make-ready between tenants (you yourself said its low rent, so the tenants are going to be very transient), legal fees, advertising, and other expenses, you're going to have a significant HOA fee.