My ultimate goal is to use real estate as a vehicle to escape the rat race!

1) Let's say if one buy's a new car under his/her personal name or under company name (driving for business more than 50% but some personal use too), then they can show mileage driven for business and also vehicle depreciation under expenses when filing tax return.

Our people have vehicles or the train to access those jobs.

May take some paperwork and run around but they may do it....again, lots of options to look at here.The overall message is this, real estate is a GREAT vehicle for creating wealth and passive income.

Ultimately, I'm looking for the safest vehicle for my properties.It looks like Minnesota does have a Series LLC but my understanding is that it does not offer the same protections as a holding company would provide.

I sold two beat up old vehicles two weeks before the cash for clunkers thing was announced and the list goes on.

We understand that real estate investing is that vehicle that can get us there.

Would you still pay off all of your mortgage at 4.5% or would you try to beat the 4.5% with $500,000 cash in other investment vehicles i.e. dividend stocks.

We have about $16k in savings, $17k in a roth IRA and I have a truck I can sell for about $22k once my work purchases my new vehicle (within about 2 weeks) which I can use as a personal vehicle.

Read 5 books about that specific vehicle.4.