The outcome was that I was able to pay my son a good chunk of cash for his hard work and I was able to keep a buy and hold property that cash flows nicely with only $5,000 out of my pocket once it was all said and done.

You could potentially sell the property and pay practically nothing in taxes!

What happens If the tenet doesn’t pay or wrecks the rental property? 

From the single-member LLC, i pay myself 100k last year to max out on the solo 401k contribution, while still having a W-2 as an engineer as my main job.my main job pays me 170k/year (Google)my single-member LLC rental pays me 100k/year (as S-corp structure)my question is regards to the payroll tax, i know I already max-ed out on the payroll tax on the employee side, any additional payroll side as employee will be refunded in my tax return, how about the employer side.

With a great 3.25% rate and a real cashflow of close to $400 per month this property pays dividends every month.

Averaging homeowners about $4,727 and recovering about 189% when you sell, not only will this project pay for itself, but it will seriously improve your curb appeal.Stone veneerAdding a stone veneer yields a high return when you sell your home .

I'm for paying when you want to learn.

would hurt anything would be it might decrease the number of types of debt you have but I’d just be happier to have less debt and work on building up your credit score in other more positive ways like paying off some credit cards if you have balances on any of them.

The person does pay her back and she did report the interest income. 

So unless they really need to sell and they believe they wont incur further costs getting you to pay or taking the property back when you don’t.