Security Mindset – Are you pre-programmed to protect what money you have?

Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited" before he said that he was discussing tax deductions and how you can "tax deduct lawyer and attorney fees on business related expenses"(contract, legal and financial advice, etc.) 

Having it under contract also protects your time, you don't want to underwrite it just to have them sell it to someone else

Most often, when we told the candidates that the lease must be done through an agent and commission needs to be paid to the agent, they shied away.An Exclusive Rental Listing Agreement has been signed for one of the two units, with a term ending in September 30.We believe that our agent made efforts on protecting us from bad tenants.

How do you protect yourself and provide great and quick service to an investor?

Construction loan offers you protection in the sense that vs a HELOC, a default won't result in the loss of your residence.

Here are some additional benefits it has over SD IRA:Great tax-shelter: contribution limits nearly 10 times higher than an IRA (up to $60K/yr)Exempt from UBIT on leveraged real estateGreater protection from creditors Ability to invest tax-free using Roth (post-tax) component Lower cost since there are no custodian, asset-based or transaction feesand more!!

Thomas S may say you can get your rent.. but this is different..Ultimately you are in control of your building because your going to be held responsible for whatever decisions you make.Make the right one. protect your building, safety first. and Florida shelters are still operating so people do have alternate places to go. until all is safe. 

Hey guys, Still renting until I'm in financial shape to buy but I recently need some renters advice.

As I mentioned, I want to get out of the corporate world and would ideally like to be able to do REI full-time using it both for income and long term financial security/investment.