Check out this link:http://www.blogtalkradio.com/markjkohler/2013/12/03/training-your-children-regarding-money-and-taking-a-tax-write-off-too?

Check out my signature for local meetup info for BP networking.

If you haven't found them already be sure to check out the blogs, both Bigger Pockets and member, and the podcasts. - Ned

Also - if you haven't yet, be sure to check out "The Ultimate Beginner's Guide to Real Estate Investing" Glad to have you here!

Keep us posted on how things are going.If you haven't already, check out J's The Book on Flipping Houses I have to say it's one of my favorites now (I've read dozens!).

Stick around and you will learn a lot about REI here, tons of great info, check out all the podcast there great.What made you pick St.

From my limited understanding and searching around on google, it seems appraisals are mainly important when there is a loan of some sort involved.

Per google, it looks like Vendor Resource Management (VRM) won the contract but I don't see much on their website.

If they did, and were well qualified, I'd give references.It's amazing to me that some tenants have terrible experiences with landlords and don't think to check out their new landlord and property manager.

I should note that my day job is as a pension actuary so I am more familiar with ERISA than most people.As far as risks, the IRS has clearly stated they're not a fan of these transactions, but that there isn't anything technically wrong with them (google Julianelle memo).