With that kind of net worth why are you borrowing money?

What kind of deal are you proposing?

since wholesaling isn't long term, what kind of entity should i use?

Others, like a roof, would need to be adjusted based on the size.For some kinds of work, you can call a contractor and say "I need a roof replaced.

In many states, single member LLCs do not provide this kind of protection.If you are the only member of the LLC the court can and often does seize assets from the LLC to enforce a judgment.The best way to protect yourself from personal liability is...1) Don't screw people2) Maintain liability insurance - an umbrella policy is very cheap.YMMV of course.

And they take marketing to get the right kind of Tenant Buyer: Attitude toward Home Ownership strong; low Debt to Earnings Ratio; willing to work on credit and increase income (2nd job, etc); paying for minor maintenance.

As you guys know, the bank requires w-2's, and all kinds of other income info from the seller.

You can market to people with retirement accounts (IRA, 401k, etc), advertise in publications (be careful on your wording here as you do not want to violate any SEC rules), and you can hold small meetings or even one on one presentations either in your home or for a breakfast/lunch meeting.

Hello all, this is how i spend my days(Phase 1 get my mind right)- Pray- Meditate - Exercise & go Jogging - Take a warm shower (while listening to relaxing music)- Eat a good breakfast(Phase 2 take care of business)- Check and respond to both my email and voicemail messages- Check to-do list, and complete any items due that day- Scan through that days top real estate news articles- Do a little networking through various real estate groups & forums (mainly for: education, finding deals, and building my connections) - Do at least one thing that day that normally makes me feel uneasy (I work on conquering my fears by doing them) (Phase 3 relax)- after all this, I put anything new on my to-do list to complete for the next day, then I either read a book, hang out with friends, watch a movie, or play video games.

If the buyers default, you can evict them rather than foreclose which is quicker and cheaper.Wrapping a mortgage is done all the time, but for someone who if you are kind of new, you might want some legal guidance the first time through.Good luck to you.