They are great multiplicator of wealth when incorporated in your investment cash flow and also provide substantial death benefit for your family if you die early.If your estate will be substantial (over $12M for current estate tax exemption), and if you want to put some money aside for your kids now, you can also look at creating an irrevocable trust for each of them and funding them every year up to the gift tax exemption ($16k yearly currently).

It's networking with people that are connectors to people with real estate and people issues (4Ds = death, disease, divorce, drugs, etc).  

This was an owner that had passed this to his son via inheritance/death, but the son was not interested especially bc it needed work. 

This has been beat to death on BP so I'll be brief.

See how it goes on this one.Either way, be sure your op agreement or JV agreement outlines the Ds - what to do in case of death, divorce, disinterest, default, drug use, etc.  

They rely on their states default rules.If you're going to have assets at death you should do your planning now and update it annually.  

I don't understand how lack of activity by a plaintiff that causes the court to make a motion for dismissal would toll the statute of limitations.

You do not want to pay off or leave equity to die a slow expensive death in a rental property.

Compete against him and it's sudden death!

Yup @Jay Hinrichs , Being in the Psychology forum I will say my thoughts are that Kay said it best:"There's always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet, and the only way these people can get on with their happy lives is that they DO NOT KNOW ABOUT IT!"