I'm fortunate to have sufficient reserves to should i get an immediate loss (sell google stock :-) - Liability: I'm trying to get some ideas on how to protect for liability.  

You can buy the other individual out of the S Corporation by acquiring his or her common stock (shares) in the S Corporation.

Taking stock of what you have to work with, (money, skills, experience, education) helps to direct you into which area of real estate investing is good for you.

Don't put a lot of stock in the "equitable interest" song gurus sing. :)

This is of course tempered by the low priced housing stock.

Until they're dead they're not dead.

Patrick is dead on for the resale restrictions and the OO restriction.

Now when I contacted the owner of property (found out was dead and now the daughter is "executor" of the home) she told me that the home actually has 6 beds, 4 baths (2 beds in basement along with the sauna, steam shower, furnace, water heater, 4 sump pumps and living room area down there).

Influenced.. by a certain local guru who I won't name, but Preston's whole "wholesaling is dead" marketing campaign was pretty stupid IMO.

Joe GorePeople were getting jail time and showing up dead all over town over one of the HOA messes here.Then we have the "higher ground" litigation on over 500 HOA's.