This being my first real commercial buyer consultation I was hoping you all could give me some advice how to prepare for the meeting, questions to ask, etc.

Make a special post when your net worth column reaches the million dollar mark.

By having a solid cash flow from real estate investments, should that ever happen you will be prepared and not even miss the loss of the retired pay.

If you are more conservative than I am, perhaps you should speak with an attorney who specializes in entity formation and partnerships.

The entire seminar is covered in the beginner posts/articles on this site and they're just trying to upsell people on a 3 day seminar that's "on special" for $200.

Active businesses are subject to UBIT - Unrelated Business Income Tax.As to cashing out the IRA and investing it with you, the first question would be are you prepared to make good on your promised returns to father's retirement no matter what?

What are some things I should be prepared for If a real estate agent contacts me with a buyer?

My comment was only saying getting a calculator and reading all the old "note" books wasn't going to prepare someone nowdays.It wasn't intended to single you out at all!

Having being an investor before you know you need to choose a specific area to specialize in.

They told you to use the deposit to cover the rent, so you will be seeking a judgment for the damages that they caused, after they have moved.You may not have posted much lately, but I suggest you spend more time reading the BP forums to be better prepared for the next round of tenants.