On Jan 10 2014 the Dodd Frank will open the flood gates for lawyers to assist "poor, stupid, confused, ill informed" seller financed buyers to MAYBE collect 36 months of payments and downpayment and lawyer - court costs from "ill informed, confused, ill advised" seller finance owners.If you get an RMLO to sign off on every seller financed tenant buyer/vendee, whether it be a lease option, cfd, wrap, private first mortgage, etc, and the "ability to repay" has been prudently proven as per the Dodd Frank and the SAFE Act, you are in good shape.This is a GREAT OPPORTUNITY for the diligent and responsible real estate entrepreneur.Here is some Dodd Frank info that you may find intriguing.http://bundlr.com/b/dodd-frank-safe-act-respa-tila

I actively research real estate across the country, tracking market trends and building myself a sort of roadmap to the future.

It's amazing how much the banks are willing to work with you when you establish a track record).

You mean Josh and Brandon didn't get into the studio together to produce that hot track?!

Once you establish a track record, things will come your way.

It has been proven time and time again, a corporate entity won't stop a legit lawsuit and surely won't stop an attorney for coming after your assets weather business or personal.

As I am purchasing it for a discount and then re-selling it "possibly'' on the MLS to have a wider buyer base, plus I want to be able to control the sell price.Again, if anyone has a good idea on how to structure this and if I am on the right track, it would be greatly appreciated!!!

To be a good investor you need to: Be self-motivated to work hard (this can be proven by earning a good income)Have basic accounting skills and ability to follow the money (this can be proven by setting and staying within your monthly budget)Live below your means (this can be proven by setting aside a little $ each month for investing)Be responsible and keep up with things (this can be proven by paying your bills on time)Lastly but certainly not least, delay gratification (this can be proven by not cannibalizing your investment savings when circumstances of life tempt you to do so).

I'm somewhat of a beginner myself, but you are definitely on the right track by being a part of the BP community.I participated in a BP meetup in Schaumburg last month that went pretty well.

Maybe if you are a property manager and want to track minor per property expenses, but nothing beyond that.