If it is something pretty straight forward, as described in IRS Publications, as an established industry practice, etc... then that's how you should do it.

I would be new to this and I do not expect it to be easy, but I have a few friends in the industry that might not be able to lend money, but could lend time and their expertise so as to mitigate my risks.I even estimate that I would end up paying $20k-30k in interest over the 6 months and still make a pretty decent profit.Has anyone converted property to condo's in the boston area?

Add to my experience the fact that some of my closest friends and partners are involved at the highest levels of the mortgage industry, I mean common!

I am saddened by the path that the airline industry has taken, and I often wonder if I would have gotten into it had I known it would have gone this way.

As your experience increases so will your income in this industry.

[Industry norm is around 33 percent of gross income].

In the software industry this is akin to escrowing of the software.

I still own and operate leading website in my industry.

I'm heeding the advice I've gathered thus far--to thoroughly read through the forums and read, read, read as many books on the industry as possible.I look forward to interacting with you all via the forum, where we can all help each other succeed in REI.

And when it comes time to do business there's plenty of very knowledgable people in the industry, or else people with deep pockets that you can find out there who you can start building business relationships with.