Chad Kennedy Asset based lending is lending against assets (stocks & mutual funds) you already own.

Maybe that was for stocks Im not sure.I think I will stick with my plan on rent with option to buy after 1 year. 

If you simply keep 10% of your net worth in liquidity you should be fine, stocks, bonds, mutual funds and money market accounts can certainly be more, but it is liquidity that keeps you afloat.

Think of it like a stock portfolio.

@Joseph A BerriosHey Joseph,The Lehigh Valley is a great area with a great housing stock.

And the stock market seems pretty unpredictable right now.I live in NNJ and do not want to buy a property more than 30 minutes away.

For example, in one investment account I have my stock portfolio, a Roth IRA, and a pile of emergency cash.

I have ran a small business earlier, which made it possible for me to save up some money which I mostly invested in stocks.

S-corps do require the structure of a corporation- articles of incorporation, directors, shares of stock, etc.  

I've been trying to illustrate the trade off by explaining that if you can't/don't want to build your own diversified stock portfolio, you can invest in a mutual fund, give away a small portion of your returns, but never have to lift a finger....I think perhaps your analogies are a bit more accessible ;)@Jake Gaines, I know we've already spoken, but I wanted to pipe in here for the record, and to second what @Mike D'Arrigo just said - finding a transparent and trustworthy turnkey provider is the number one most important factor, even more so than market.