If you simply throw your property into an LLC or Corporation, then fail to maintain the entity properly, you make it much easier for an aggressive plaintiff/attorney to set aside the corporate veil and come after you personally.

Either do the "proper marketing" now and assign the contract in less than 30 days, or extend the option (you have the proper clauses, correct?)

Let's face it many (most) people misinterpret a lot of what they read.By doing it the way I do, it ensures that many readers will go back and re-read all of the previous posts to see what the fuss is all about.

The FCRA requires them to show you proper written proof of a contract with your signatures and other info on a black and white paper.

There is alot of information available on the subject and if properly executed, can be a very powerful strategy.

If you are working with a builder, putting together one of these, it is a good idea to ensure that all the funds from the loan are run through a title company and all bills to vendors are paid out by said title company, who then collects Lien Waivers.

And meanwhile still use the internet as a mechanism for proper promotions.Michael Schendelwww.thespillzone.comThe Spill Zone, author Ed Ross

Consult your CPA before you sign any documents to ensure that you're doing everything to reduce your tax exposure.Hope this helps.all cash

I am usually good about keeping things backed up properly.

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