Based on the statutes, the legislative history, and the case law, the following 7 essential elements will help guide you when working with your lawyer and administrator. 1.Third Party Administrator (TPA) – I use Trust-CFO as my firms third party administrator for my CA clients with PRPs. 2.Qualified diagnosis by the TPA to determine if you even qualify3.Asset exemption analysis by the TPA to determine which of your assets are eligible for exemption4.Funding analysis based on income, age, and retirement needs5.Plan documentation and funding of plan – this is a critical step often overlooked or not done correctly.

Employee element: Employers must contribute for employees; employees cannot make contributions to their own account.

You need to find a good environmental consultant to check those things during your due diligence period, as all add to cost for maintenance and repairs, and increase your liability.

Networking is always one of the crucial elements needed to drive the interest in the housing market.   

So, one element we are all not considering is that the right and the actuality of carrying in pubic are not one in the same...Like I said, I think the laws are about where they need to be.

Josh - like so many others responding this was a first for me to attend an entire real estate conference without a selling element to it.

Income producing properties will always have an element of management.

@Andrew Millard I'd agree with Nathan G. points, as this could also be another contributing analysis-paralysis element mentally stopping you from jumping into the REI game. 

If you think there is a chance that they will sue, you may want to consider having someone from an environmental company come in and get air samples.

If so and even if not, you need to pay for a phase 1 environmental report.- utilities:  septic, public sewer, well water vs municipal water.