Asset Protection is not just about preventing liabilities A true asset protection plan involves protecting you from the Big 4 wealth destroyers: 1.

Total newbie here looking to get involved.

Having the FTC involved would likely result in the finance company returning correspondence to the neighbor.  

Looking to network and learn everything I can about rentals within the Twin Cities area. What are the details? Let's network

I have been involved in a number of flips and own property there, and can say that even in the past year there have been massive positive developments there. 

16%+.I don’t know why you would get involved with gap funding where this risk is incredibly high and the brain damage is greater...this is a fast oversimplification but you get the picture i hope. 

The house has 2, 3 bed/1bath units and was built in 1910 with a fairly odd layout.

5-7% yes 5-7 thousand probably isn't enough to do much with especially if you want to be involved in rentals.

Now that you own this property, the IRA may never be involved in the transaction. 

We have quite a few together or in our LLCs if commercial property, but banks weren't involved and no conventional debt on them.