The courts are full of such lawsuits.Seeking professional advice from licensed professionals who are knowledgeable about the areas in question can be an extremely wise and very economical decision considering the alternatives.I was involved in a partnership where it was later discovered the major advantages of having a life insurance policy on each partner with the benefactors being the surviving partners.May your future be full of great success.

With that in mind:Please Seek Legal Advice From An AttorneySeeking legal advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

Have found a property that meets my area economic criteria, net population increase, strong employment growth, slowdown in building permits, higher than average income.

I am not an HVAC person, but it seems to me that basic economics dictates that when you limit the supply of something and demand either increases or stays the same prices will go up.

You might find yourself creating a situation that looks okay on paper but gets overturned in an audit because it lacked economic substance (substance over form).The IRS would likely challenge the use of multiple entities and an ESOP.Once upon a time you could donate a property to the fire department to burn down, take the donation and essentially have a property that was demoed and ready to rebuild.The bottom line is that many of the choices that might have changed the outcome today have already been made.

When the foreclosure crisis hit, smart agents changed our niches to foreclosures, REOs, short sales, etc...

., this is a major socio-economic problem.

We get our lists from driving around(be economical), probate list at courthouse and my realtors (must have a power team everyone).

They punted on that a while back when the mortgage crisis hit.

I like your plan to buy a duplex and live in one half it makes economic sense when your first starting out!