If you follow the "collateral" theory of lending, as I do, I make it a point to understand the asset, the liquidation value and the barriers and obstacles to collecting and maximizing yield.If you follow the "emotional equity" theory, as my buddy and author Gordon Moss does in his book, 'Performance Anxiety' then you put much faith in the ability to extract cash flow and yield from the borrower's familiar attachment to the home used as security.Yesterday I attended a conference of court-appointed receivers, who are people empowered to do such things as intercede with collecting rents, cash flows and till taps.

There will be more liquidity events (public offerings and mergers), but I also think valuations will be more realistic.

Don't think an LLC will help with taxes because its a flow-through entity for taxes.Someone who runs a shoe store and buys and sells shows is a dealer in shoes.

I could do it if I had to, but thank god I don't have to do because I can afford to goto the grocery store and buy it as I need it.

If you are good with a computer, you can create the letter on the computer with a handwriting font and then print on an INKJET printer with blue ink onto a piece of yellowpad paper (just the regular old yellow pad paper with lines on it from the office store - take it to the service counter and ask them to cut off the very top of the pad that has the glue stuff that holds it all together).

I have over 30 investors wanting to get in on this project....these investors have 680+ ficos and at least $20k liquid assets.

Brother B has LIQUID assets, but Brother A's assets are not liquid.

I talked to Brookview Financial, but they need about 20% in liquidity for me to start.

This might be too much of a time killer for most investors so I guess you can hire it out if you want.I have contacted the owners of convenience stores that were on corner lots of busy intersections and said "Hey I'll mow or have your lawn mowed all summer long if you let me put one of my signs out there" you'd be amazed at the response.You can do this for any property too.

I'd say do this investing thing for yourself and have a liquidation plan in place for the family in case they don't share your passion.