Purchase price: $184,400 Cash invested: $8,101 Sale price: $227,500 Contributors: Corby Goade Not a wholesale but a "Wholetail", I found this property via direct mail (handwritten letters) and helped the woman perform a 1031 so she could get her granddaughter in the school district she wanted.

It’s mixed between newbies and those more experienced.

We also have questions on how to pay the least amount of interest on our HELOC without getting our personal and business transactions mixed (to avoid making tax filing a nightmare!).

You're going to get some mixed opinions on this, but I think the first step is learning enough about what particular niche of investing you're interested in pursuing.With that in mind, focus first on education.

You can consult with an estate planning and/or bankruptcy attorney to determine whether you can structure your assets in a way that will further shield you from liability for business obligations.In corporate law, shareholders who mix personal assets with corporate assets can sometimes be held personally liable as the “alter ego” of the corporation.

Other potentially relevant facts:  rooms rent for $1050, $1250, and $1300; I'm living in the house with the tenants but they know me as the property manager - they do not know I'm the landlord (I know there's generally mixed opinions about this, but please reserve your judgment); construction will last approximately 5 months; the unit being constructed is a separate, detached building - no construction is being done on the SFR the tenants are actually living in.Thanks in advance for your input!

We have already tried to get the neighbor's signature but he says he will only sign if we write a letter signing we will never make the house a business.

And here is the letter from my lawyer saying you are responsible for all of my hospital bills as well as my workmans comp payments seeing that I was an employee of yours cutting the grass for your rental proerties.Oh, you have insurance.

I would first send a letter to ALL (dont send out the letters selectively) the tenants with an excerpt from the lease contract regarding tenants liable for their guests actions. 

I then assigned each cost with a letter and number.