A multi-member LLC also allows for better asset protection because the economic interest is different from the ownership interest.

I do track economic/housing numbers and believe that short sales will amount to a substantial portion of total sales for about three more years. 31% of all sales nationwide in the first quarter were "distressed" sales.

New investors usually don't go with a corporate structure because of double taxation and employment requirements, but if you don't have health inusrance, or other retirement benefits, that might be an option for you.Bottom line, I suggest you see both, an attorney and an accountant.

The seller needed out of the house and to move in with other relatives for health reasons.

When California is in an economic crunch, our prices fall through the basement.

I loved his book he co-authored, Crisis Economics, (I think).

Our health will slowly deminish, and you may not want to do the same things when that time hits.

Although "double dip" is the term du jour these days, I have a hard time calling it a double dip because I don't believe the economic numbers have ever been all that rosy since 2007.If people were using CC's and HELOC's to live and spend beyond their means then we are in for a LONG time of lowered spending = less profits and subsequently less jobs; It's a simple formula.Jobs is the real issue, and job losses are ultimately derived from lost profits - which are going to remain stagnate.

Health is even more important as you get older, imo.

Unfortunately, in Health, we're # 23, behind such countries as Slovenia and So Korea.The one that scares me and the article pointed out is Education.