Save as much as you can to build up reserves, pay off debt as fast as you can and take full advantage of the cheapest living situation that you can.

The advantages of having an entity are numerous many to which other have attested to above. 

If you don’t disclose and the buyer or seller finds out later and decides that you “took advantage of them” because you offered below market value they can file a complaint which could lead to a fine and loss of your license.

I definitely understand that these offer less in gains, but given our schedules, I think that this arena is where we should be looking, especially based on our previous experiences in this area.Real estate experience: My wife and I don't make enough money to accurately describe ourselves as "whales," but we make enough money that I would describe our experience as "whale-like" in the sense of people taking advantage of the fact that we had some money and no experience.

I want to be of value to the market and obviously the investors in the market but I don’t want to be taken advantage of either. 1.

Use your skills to your advantage.  

I would love to meet someone that can assist me in setting up my company correctly so I can take advantage of tax deductions.Thanks in advance!

We do have a mortgage on our primary residence, $285k current balance on home worth $430k-$435k and great credit score and would consider a HELOC if there is an advantage to doing it that way.

Lauren,That gives you an advantage!

I don't see the advantage of writing a note (with yourself as both lender and borrower?)