You also might want to consider a Limited Partnership, Limited Liability Partnership, or joint venture.

Mitchell,I wouldn't even venture into that territory.

I hear once you get a solid flow of buyers wholesaling can be a very profitable venture.

Hello Doug, Welcome to BP and congratulations on your new venture.

I really find BP the best source for valuable advice and information on the NET.My goal is to start my own real estate investing venture someday in the future.I don’t feel that I am ready to start in real estate investing just yet but an unexpected opportunity in my family just came up.

That said, I highly recommend it even from a beginning venture as there can be significant savings.What type of investments are you involved in outside of the rentals?

I would venture to say that all I am guilty of us reaching out through this avenue in my spare time to try and find a possible solution to my somewhat personal but very difficult challenge before me.

Good luck in your ventures and feel free to reach out if you think we can work together. 

Please advise as this is a new level of real estate I'm venturing into.

I'd like to retire at 50, or at least slow down, and do the managing of RE and other buzz ventures in AZ at that time.