He could also lend to your LLC or place equity in your company.You can also have a lawyer draw up a profits sharing agreement and use a Deed of Trust.

The problem you are describing is the effect of countless possible causes.

I've spoken to a couple of lawyers here in Florida and I've been told the way the veil gets pierced here is either through committing fraud or commingling of funds.I agree that an LLC (rather than other types of entities) seems to be the best option for rental properties for most people, although apparently some wealthy people use various types of trust arrangements.

In the 4 months prior to January I was going to build my buyers list, find an investor friendly lawyer (which I did thanks to the good people here at BP) and to learn as much as I can about the wholesaling business.

I will send a quick email to my lawyer and see what he has to say. keep you posted

This is an effective way to market that is frequently forgotten.

That way you would get the effect you want (loosing the dude-n-dollas) yet not impose any more requirements on forum participation.

If I would've asked a lawyer, then why would I have logged onto BiggerPockets?

They'll provide answers to 99% of any tax questions you may have, and help you to be much more effective in developing strategy with your CPA.

Mark Kohler who wrote "Lawyers are Liars" did an hour and a half talk on taxes and it was the most interesting one I've been to yet.