Quote from @Steve K.: Quote from @Jonathan Killam: The DOS is like the boogyman! 

If you collect income in a LLC you have to file LLC returns then the income flows to your personal return on a K-1.

@Steve K. 

Quote from @Jim K.: @Aryan StraussDude, if I had a dollar for every smoking tenant who insists, just like you, that they NEVER SMOKE IN THE UNIT...they always lie.

Quote from @Steve K.: You want to avoid stepping into the role of financial advisor for the seller unless you are an actual financial advisor working for them, but it seems to me that this persons best move would be to actually pass the property on to his heirs using what’s known as a stepped-up basis for cap gains tax. 

We can give them a list of regular sale comps, and/or explain the deficiencies in the short sale and REO comps.

Quote from @Michael K Gallagher: @Minho LeeA couple of things to consider, if you are looking at Shrewsbury, Grafton Worcester etc, These are pretty high growth markets from what I understand although I'm not in that market I just have family there. 

“These amounts will count toward the required minimum distribution for the respective tax year,” McGuff says.In addition, the elective deferral limit for 401(k), 403(b), 457(b), and Roth 401(k) plans now stands at $23,000, with a catch-up contribution of $7,500 permitted for those 50 and older.

Remember, FHA loans, whether standard or 203(k) are only given to borrowers that intend to make the property they are buying their primary residence.   

@Steve K. thank you for all the advice, and I completely agree.