Umbrella policies are designed to be a secondary line of defense after liability coverage within your property insurance, which is why umbrella policy carriers require you to carry property insurance and umbrella policies have deductibles into the hundreds of thousands - in other words deductibles equal to the liability coverage on your property policy.

So, I'd suggest you check out the ramifications of churning properties and not be concerned about the tax implications, worry about the cost of a good legal defense, bail, fines....and maybe some extra money in an account to pay for personal items necessary while staying with other crooks behind bars.

The Republican’s stance may also put him in line with President-elect Barack Obama, who said yesterday that “we’ve got to start helping homeowners in a serious way.†“More needs to be done,†Bernanke said in a speech to a Fed research conference on housing and mortgage markets in Washington today. “Policy initiatives to reduce the number of preventable foreclosures should be high on the agenda.†The government could buy “delinquent or at-risk mortgages in bulk,†then refinance them through the federal Hope for Homeowners program, Bernanke said.

A Countrywide spokesman said the meeting is closed to the press and is not being webcast.While the outcome is not in doubt, the proceedings lend an aura of secrecy to the final days of Countrywide, which in 2007 made one in six U.S. mortgage loans -- many of which would not get made today.They also provide a contrast to last year, when Chief Executive Angelo Mozilo would spend three hours on earnings conference calls, proclaiming the company he co-founded in 1969 had a "much better chance of success" than any rival to survive the shakeout in housing and credit markets.It won't."

But, in their defense, I've seen people pull the wrong messages out of them too--a lot of folks I've met think the message was "buy any real estate you can get your hands on, as fast as you can do it."

However I wanted advice on how to deal with agents representing their clients, a lot of them seem to very guarded in relaying any information on the client and get defensive when you ask them common questions. 

There are foreign conferences every year that held in Europe and China where you can find those people specifically looking to invest in those markets..

I think my graduate level research skills paid off for the first time ever.I might have the intern go through the actual bill on Tuesday and get me every conference agreement relating to RE.

Also attending conferences and meet ups will help accelerate the learning curvehttps://www.biggerpockets.com/blogs/10145/73373-op...https://www.biggerpockets.com/blogs/10145/72118-sy...

Read books, listen to podcast, watch videos, go to conferences, but most importantly walk what you read.