Hi all, my name is Craig and I live in the Salt Lake Area.  

I'm based out of Salt Lake and work in SaaS sales at a tech company.  

So take big picture figures with a grain of salt. 

This would allow me to do my dog dream in piece with no worries about the owner.Than I would invest the rest of the money in buy and hold rentals (grain of salt this is my area of expertise) that I could self manage.

I am by no means seasoned so my advice with a grain of salt.  

We would sell them to Salt Lake investors, all day long for $150,000-$160,000We would also carry the down payment on a note and kick BUtttt!!!!

With that said you should obviously do what you can to protect your assets, but any lawyer with his salt will make quick work of a revocable trust.

I was really lucky.2005:  Bought 2 new construction SFH in Salt Lake City and Houston2009-2010:  Bought 4 condos and 1 SFH house mostly as foreclosures2012:  Bought a primary residence in Rancho PenasquitosI have a tech background, but now my rental income allows me to be a stay at home dad.  

Regardless, you still need savings, reserves, etc. when you by a property so you can't really "drain" your cash basis :-)And I'm not a financial adviser so take my advice with a grain of salt.   

Its great to hear we have such a strong club that is helping new and salted investors out.