I need some guidance on structuring my first deal.

Do we have any resident attorney savants that know the law here and are willing to spew forth free legal guidance (not advice)?

I really am just looking for some guidance and believe that this is the best place for it.

First asking me for guidance in a very simple matter or strategy and ask them what they would do.

See my long reply here:http://www.biggerpockets.com/forums/30/topics/50054-safe-act-questionsThere has been guidance from TDSML lately claiming that they aren't going to enforce things as stringently as originally anticipated.

My understanding is that the IRS wants to completely ignore the wrap sale and tax the excess loans over basis all in year 1 based on guidance from previous court cases.

Karen says in her webinar that she prequalifies her attendees to be able to loan through her brokerage, I hope this is true and we can do this ASAP.I understand from Monica's course we need to set up an LLC, researching this for foreign ownership have now short listed Delaware, Wyoming and New Mexico...any thoughts on this appreciated....as I am aware through prior hard learnt lessons in the Australian market that structure of the "foundations" are very important....make a mistake and THOUSANDS can be lost....I am in search of a mentor and would love some guidance as the USA property market "rules" and "how to" is rather different to Australia....

Can anyone provide guidance on what are the normal parameters that you would expect to pay in this scenario?

I'm doing my first quit claim deal. I've only done warranty deed purchases, so this one is first. What do I need to look out for? What are the pitfalls?

All the laws, regulations and requirements need to be followed along with guidance from the Owner. 9.