Beyond liability, you should consider the tax implications, as well as the organizational, reporting, and paperwork requirements that pertain to different tax entities.As for piercing the corporate veil, remember above all else to keep your business and personal accounts and activities 100% separate.

If and when the wall needs some serious patching, rip out the drywall and double or triple up a few of the studs so there's plenty of wood for several tenants to mount their "idiot" panels (old-timers remember the term "idiot box"!).

I love that quote, if you don't mind I am filing that on away and going to try to remember it every time I work on a deal of any kind (even fast food ;)

Im thinking of putting maybe half of it in stocks and other half in real estate.In bangkok, a newly built mid-end condo, with modern facilities, carparks,for a 1 bed, 40 sqm in good location, fairly near sky train and fully furnished is maybe around 3m-4m baht. agency says i cud get around 22k-25k baht a month but im guessing its prob more like 15k-20k baht. most Thai wages will not be able to afford the rent, but its ideal for expats working in bkk. so the return is maybe around 6% before all costs, vacancy periods and appreciation/depreciation.ive been reading a lot of negative and pessimistic views about condo as a buy-to-let especially in bkk. there r so many condos in bkk and many being built as land is not scarce yet cos old buildings can be cleared and new projects started easy. and other factors i dont know. also traffic is a nightmare and the condos that are centrally located (and most expensive) have one of the worst traffics (altho it wud prob be near sky train or underground which would be ok for expats.keep in mind that i ll be paying in lump sum, wouldnt mind to gain some real estate exposure (im fairly interested in the industry),do you think its worth it to buy a condo in bkk as a buy-to-let?

Remember that this is the type of project where there can be widely varying pricing so in this case you want to get estimates with details.Good luck,Darrell

Remember your max you should go is $57k-$58k (unless the rehab can be verified to be lower than $30k (you still have some homework to do here.I would asl oagree with the advice from Jonathan to have that basement inspected closely by a professional looking for water and mold damage.Regarding Joel's comment of the HM lender, he is right, they will be holding the rehab funds and pay via draws as wrk is completed to their inspections (only items requiring licensed tchnicians will they require you to use such people, much of the work can in fact be done by you, however, if they see crap work, they will likely not release rehab draws.

I can say though when I am scanning through a topic I always slow down when I see an avatar of someone I remember.

I deal with rentals a lot at my company and we don't use the MLS we use Craigslist and Rent.com.

Just remember often reading them isn't enough.

Remember YOU are the whose bottom line is being hurt by this.