Find yourself a mentor, joint venture partner, consultant, etc. that you trust.

Jimmy,I would highly recommend consulting an attorney and CPA to help you answer these complicated questions.

Hi Reece,If I were in your shoes, the first thing I would do is to find a quality real estate consultant in the area where you want to invest.

I have done most of the work that could be done to turn the unit around, so I would like to focus my efforts on purchasing a second property.I have consulted the bank about buying a second property and they want a 25% downpayment for a commercial property (>4 units).

This stuff has been going on a long time and some just keep at it.I would suggest you get the opinions here but consult with your attorney and accountant.

(This is my opinion from experience, but you should consult with your qualified CPA/tax attorney)

Hi all,As mentioned above, I am based in Brisbane, Australia, but am striking out in the USA - the deals are just too good :)I have been in business for 10 years (business consulting, web design, online publishing), but have decided that real estate is how I want to build my wealth, so am here to learn :) I have just done some coaching with the Kiyosaki team, which has introduced me basically to USA RE, now for the real lessons!

And believe me, we've seen folks overdue it and lose money because they went overboard with "green" materials so it definitely makes sense to speak with a "green" consultant before jumping into any crazy projects.

However, their judgement (right or wrong) of what we do, has an effect on the market place that we rely on to do business.Again, as I said before, they tend to write laws that govern our day to day activity, and if you think that there are no investors consulting with the banks for investor insight, think again.

Have you tried consulting an attorney?