Joe, I'm not sure the 1031 exchange section of the blog is the right spot for these questions (I could be wrong).Also I don't have any direct answers to your questions as I am in the middle of figuring the same thing out myself.However, Clint Coons had a great presentation at the Summit regarding Asset protection in which he covered numerous ways to set up your entities as well as the benefits/drawbacks of each.I would recommend checking out his blog for some direction.

So I need to trust in somebody else and give this advice to facilitate the fixing.

I have heard numerous instances where politicians and economists have stated that it is a consumer economy and consumers need to go spend.

If you have not done some of these initial steps I encourage you to search and educate yourself of the numerous BP posts and blogs on turnkey operations before you spend another dime.

Mayor Stack has done an excellent job making do with what we have, obtaining federal funds regardless of whether the governor has a “D” or “R” after his name, and as a result, many parks, libraries, schools and community centers have been built or refurbished, including a state of the art high school and elementary school, numerous repaved sidewalks with trees, etc.

Good luck getting that from most other “turnkey companies” as I have listened to and have been made privy of numerous dissatisfied transactions (and rightfully so in most of them).

@Jenni MooreI've obtained numerous good deals through auction.com.

There are some turnkey real estate investment firms out there that offer a 100% passive solution for real estate investors.The benefits of turnkey properties are numerous, especially when you invest within emerging markets.

There are numerous reasons why I haven't made an attempt to remedy the issue by paying for it yet, one of which is because my agents broker specifically told me do not do anything at this time.Legally, the buyer cannot sue me before attempting to resolve the issue in mediation (per the sales contract), so it will never come to a lawsuit.

A typically family in Michigan could get into a starter home in numerous suburbs around Detroit under $100K build some equity and moveup to the next home in 5-10 years.