If your investors and you are all investing in the LLC at startup time, then you will most likely get a safe harbor as co-incorporators and not need to worry about the securities laws aspect of things.

He owns his own incorporated real estate capital lending firm, and his terms seems very reasonable.

Take elements that impressed you from other sites and try to incorporate them into yours.

I can't imagine mining a swath of land that's 120 feet by 140 feet inside an incorporated city, but I suppose stranger things could happen.

Daniel, To see a little bit more about my experience you can check out a interview Josh did with me at: http://www.biggerpockets.com/renewsblog/2011/05/19/interview-james-vermillion-biggerpockets/ As for being fearful that is completely natural, but the more we educated ourselves, learned the market and put together a list of contractors we trust, the better we felt.

Naturally, it takes a great deal of maintenance and upkeep to make something last that long, but I don't see why a well cared for condo would be much different.

In another case, a old mechanic, who operated as a sole-proprietor all his life, refused to incorporate even though his CPA and other professionals urged him to do so.

These are results that naturally come about from the success of private enterprise and the addition of another business to add to the competitive mix.

I am not interested in spending money locally if it is simply to keep a business open that is incorporating an inefficient business model, my few dollars will not keep them open and it is simply a waste of resources.

Megan,If your plan is not only to buy this home as your primary residence, but also incorporate some investor techniques so that you can get the home at a below market value amount (good deal) then here are the steps you should follow with teh info you have provided thus far:1.