An individual needs to perform their due diligence before forming any professional/contractual relationship and that is what I'm trying to accomplish in asking how I can best perform this on a wholesale mentoring program.

That income will effect each of you differently in your own personal tax situations.IMO, don't do this by yourself, go get some professional advice particular to your situation after you carve out some more of the picture.

I am a sales professional that wants to learn something new, fun, and challenging....and make alot of money doing it.

My husband is a certified green professional builder.

Let’s also assume property location doesn’t matter in so far as the plan is for them to be professionally managed (ie, Texas vs Vegas vs Beverly Hills doesn’t matter so much but prefer not to invest in ‘war zones’)….

Our vast audience is compromised of real estate investors, agents, lenders, bankers, legislators, homeowners, renters, and other real estate professionals and service people.The site gets hundreds of thousands of unique visitors a month (currently close to 350,000), and we're continuing to grow at a great pace.

With so many knowledgeable real estate professionals here, I feel this is a good place to solicit feedback on this important discussion.As a private money lender, we are always looking for trends in real estate so we can gear up our money sources to lend on new property types or project types.

You also need a registered agent, and I pay $100 for a professional service that handles this.

Very hard to make those leak, outside of physical damage.I am aware that the fiberglass units can be re-finished by professionals; not sure if the big box stores carry a kit for that.As Ryan mentioned, these typically develop cracks (physical damage), and will tend to crack once again in the same place unless there is some support from below.

Yes, yours will be deductible as well.You will fill out Form 6252 Installment Sale - www.irs.gov/pub/irs-pdf/f6252.pdf so be sure to bring a copy of the contract to your accountant/tax professional.