He advised the exact same thing you did.

In all cases, a very experienced, well-regarded securities attorney prepares all docs and advises us.

@J Martin I don't travel (much) out of Sacramento-- here is my opinion-- BP people don't shoot me for bad advise (J Martin made me do it).1) Does your buyer who has been getting a free ride for 1.5yrs (I wish you were my lender :) ) live in the property?

He's also supposed to drive by monthly and inspect inside every 6 months.For-rent phone calls come to a google voice number advising of unit currently for rent, instructions for how to obtain an application online,  and to contact maintenance guy to schedule showing.  

Stand back, this might get messy.So I have this "buyer" with good credit, ok income, but his expenses to income ratio, only affords him potential loan amounts less than the total cost of a rental property I'm advising him to get.

Hello BP Nation,We need your advise.

I'd really advise you to talk to an tax accountant with real estate investment experience before you incorporate in any way.

Thank you for the links Jp.I never even considered a pre-paid legal service.I will check out the links you sent.I am trying to get into the probate investing niche, so any advise you could give is tremendously appreciated.

I am looking for any advise on how to find/purchase my first deal.What is the best way to get funding?

@Will Tse Let me or us know the address and happy to advise you.