I am new to the site and already love the support all the members give each other.

If the market will support the new rent, your friend got a deal for 10 months.

Piercing the veil of an entity is far easier than the asset protection gurus would have you believe.The alternative is to go all in and get a really great asset attorney to setup the most complex protection strategy your checkbook can carry.My estate planning attorney is fond of saying, "Everyone needs as much asset protection their paranoia and wallet can support."

Make sure you understand everything that's involved, and determine if your market will support wholesaling.

They did, FINALLY get customer support during the weekend!

Without their great phone support we would not have made it through the transition.Be very aware of their E payment system.

.-- Ability to import transactions from my bank (even if just xls imports as my bank probably doesn't support direct pulls).-- Ability to export to TurboTaxDON'T NEED-- Ability to track inventory-- Don't need to use it for "property management".

and offered a 20% return on any help they could offer and a guarantee to pay back in full in 6months, but unfortunately, though supportive, family wasn't able to help.

I'm also trying to invest in a long term hold that will support me for years to come.

Your numbers look like they should easily support those but it is important to make sure your factoring them in.Good luck on your first deal!