THis whole strategy of "the price doesn't matter as long as it cashflows based on finance" is a reprehensible strategy.

For all we know, he did it to garner press when book sales were down (the whole "any press is good press" thought).And as to whether or not he's a good teacher, or whether his ideas or good or not, opinions on that are fine.

Just because you are paranoid does not mean 'they' aren't out to get you.Seriously though, you have a couple of issues mixed in here.First, if you have assets outside your real estate investing, things like investment accounts, high value collectibles, homes and other personal property you want to protect, putting your properties in an entity isn't the whole solution.

My husband and I are in the learning process and I am usually very good about timing.I will leave with one more side note: Because of one of the whole sale podcasts, I was able to grasp a little more knowledge from WHERE to get my leads!

They achieved their success by being selective and buying right.

My main concern is how can we achieve our goal in a timely manner while being the most tax efficient?

I like your idea of starting the whole fix and flip idea while being mentored then get some real training "per say" to do a real wholesale.

One local wholesaler has a whole team of them doing her mailings for her, they take calls and set up appointments and are learning the business.

So what's within your walls is yours, but, your still paying for common elements and use of the property as a whole, hence the reason for HOA dues.

I've had to go after 2 tenants so far....the 1st paid in full over a few months and the 2nd one took getting to the point with courts where they were ready to issue a body attachment.