I haven't done the wage garnishment process yet, but if you win, the court will send you instructions on how to collect (assuming you know where they currently work, and make enough for it to be collectible).A tip I recently learned, if you win in court, ask right then in front of the judge for the tenant to set up a payment plan, $100 per month or something. 

Is this an advisable path forward (it seems this is the only option I have to make this long-coveted first real estate investment while becoming an entrepreneur at the same time)?

A cool trick is to double-click a word in any post and add it to your keyword alerts without leaving the page.An unstoppable entrepreneur myself, I have been mentoring start-up entrepreneurs and business of various industries and niches for two decades now.

The interesting issue that the court dealt with which is instructive from an asset protection standpoint is related to the Alaska DAPT Statute itself, Alaska § 34.40.110(k), specifically states:“A court of this state [Alaska] has exclusive jurisdiction over an action brought under a cause of action or claim for relief that is based on a transfer of property to a trust that is the subject of this section.”In other words, the Alaska statute purports to have sole control over determining whether any transfers to the trust shall be deemed fraudulent.

This year I have finally forced myself to pursue my dream of becoming an entrepreneur by getting into the real estate world.

Every year I file an annual 5500EZ form for the 401k plan, on which I write the EIN of the business (plan sponsor), not of the plan itself, because that's what the instructions clearly indicate.

(Pardon me while I cough).Although I personally do not agree with that thinking, as brokers, we have a fiduciary responsibility to follow their instruction (as long as they are legal) so we had to change policy across the board.

As an upcoming entrepreneur wholesaler of Vacant & Distressed homes, what important information should I ask property owners about the properties in order to make the correct purchase offer.Thanks in advance! 

Finally, my agent (per my instructions) emailed the the agent and told her to either have her buyers sign the due diligence list or take possession, which would automatically mark the end of their due diligence and acceptance of it's current condition.

@Cory O'Dell@Adam Stroik"Show me the instruction!"