Being that it will be my first deal I will want to take care of the original owner to my fullest, and help them out, but as we all know some people out there just want more, and will even try to bring in lawyers and what not to get it.

I'd contact a lawyer about how to protect yourself before you accumulate a lot only to potentially lose it later.

Are you an agent representing the seller, are you a wholesaler, or the buyer?

And those properties will then represent a small, albeit important, portion of my retirement portfolio.Like I said, it depends on the investor.

Time to lawyer up if they actually get the voucher."

Happy to review the agreements for you (I'm also a lawyer although we own an investment & property management firm too).

,Let's say you only have $300K, and you get sued and the lawyer decides to go to court and let a juror decide, and they give the person that got hurt $2 million now they collect $300k from the insurance company, and they get a judgment against everything you own regards whether it is hiding behind a corp or LLC.

@Mike Dundon,I'd love to get your referrals for good lawyers in our area.

Each state has different laws regarding this, so I'm not a lawyer and I'm not in your state.

It goes to your legal age.I think as a minor you would have to technically partner with your parent or guardian if you wanted to do deals.You should talk to a lawyer about the best way to proceed, either by setting up a LLC or whatever allows you to do what is necessary.You should try to reach out to a local real estate investor.If you are willing to help them with work.