However, my dad and three uncles are really good trial lawyers so if they want to come after me, fine, I live in Anchorage, AK and am very easy to find there when I am not traveling.

My Lawyer told me to stop dealing with owners in foreclosure and I have too much to loose to argue.

Obviously you'll need a lawyer to look over the paperwork.The fun part is that if you are forgiven any debt, this may be reported to the IRS which will consider it income and tax you on it.

Once you reach condition, the work-out is much easier when all you are doing is maintaining your level of fitness.

I'm interested in getting professional advice before I start investing and maybe even incorporating, but I have no clue on how to find a competent RE Lawyer.

Eventually, you'll run into someone who will have a lawyer who points out this is not a sale/leaseback but an "equitable mortgage" at 50% interest.

It sounds like the lawyer is trying to blow smoke at you.

I am not a lawyer nor do I know your whole situation (are you taking a salary from the company, etc) but typically LLC's are good for long-term holds and if you are doing a bunch of flips/wholesales you might consider S-Corp.S-Corp's have much more documentation/record keeping then LLC and at the end of the year you will probably take some kind of income from it.

Hi Joshua-Short answer, I'm here because my wife is here :wink: She's a lawyer here in Singapore.

Ensure that the PM has keys to all exterior doors.Compare EVERYTHING to the tenant's move-in condition form.