If you are able to step back a bit a see the evergreen aspects of how properties at purchased are initially useful then a burden by owners as they advance in years, you may pick up on the big picture opportunity and not be part if the crowd of buyers clawing their way to find a deal today when the markets so hot.

Please can any one share their experience and adivce me the right steps to take.We will be meeting with the lawyers to discuss the matter, but would like to get educated before and have our questions ready..Thanks in Advance.

Thanks in advance,Sean

I am aware that some lenders do not approve his sort of cash back at HUD, but is there something else I need to be aware of and watch out for.Thanks in advance for your valuable advice.

Thanks in advance.

From past experience the more things that move means more things that get broke.Thanks advance for your input.

So your $6k out of pocket gets you a C Corp and ability to use retirement funds to buy stock in your C Corp.The things I did not consider:- You are an employee of your C Corp, so if you hire any employees you need to extend many of the same benefits to them that you receive, including participation in retirement plan- If you hire employees you need to offer them the option to also use their existing retirement funds to purchase equity in your business- Possible advantage of LLC over the C Corp- Once you sign and speak with your assigned independent counsel they will advise you on the increased scrutiny you face with IRS, need to keep additional records and document corporate meetings, etc.If I had a more complete understanding in advance I may not have gone this route.

Greg:Regardless of whether or not the "market has changed", you have proven yourself to be a legitimate player to those brokers.

This was inevitable, but still very interesting to see which big names are surfacing first.Builder Is Constructing REIT for Home Rentalshttp://online.wsj.com/article/SB10001424052702304451104577392383812726556.htmlIt will be interesting to see what other big players pop up in this space and in what capacity.I'd love to hear the group's feedback on this.For those pursuing this or serious about it, please let me know.

Thanks in advance.