The validity of the lease may also be enhanced by evidence that both parties complied with the terms of the lease and that the rents were paid on time.You are not paying yourself a rent, but your Medical practice ( hopefully it is LLC elected as S-corp) is paying a market rent to your business entity, which is LLC.

The best thing to do is spend the time speaking with someone who will listen to your objectives and help put together a plan that enhance your overall business plan.

Any urban myths and "stories" from a friend of a friend you guys would like to share?

Well I'm "That Guy"..Talking to owners in distress has really become my thing because I follow a system that none of my competition has been able to recognize.It's quite simple actually, and I want to show you a few of my tactics so you too can be the one in town that grabs deals that all of the local investors are grabbing for.Allow me to set the stage for you.

from what I have been taught, it is always good to make sure that you have rent comoing in that is 1% of the purchase price, and this obviosly depends on the area to but sounds like good advice for meThat's a popular myth that is absolutely incorrect.

I haven't figured out a way around outsourcing at the beginning - outside of managing yourself of course and we're a bunch of E-Myth and 4 Hour Workweek geeks about it...lol.

It's just not my thing, I'm more into real estate.

I do not currently have any properties besides my primary residence and am looking into getting my things together (bandit signs, business cards, etc). should i contact them now, wait till I get my LLC set up?

While you claim to have 40% equity at purchase, which is a myth at best, you are holding properties that are decreasing in value, not increasing.

A few suggestions which I think would enhance biggerpockets (some taken from vBulletin), in no particular order:* multi-quote - the ability to select multiple posts for quoting* kudos - ability to register approval of a post, or agreement with a point, and then count these and somehow rate posters - just provides more incentive to share and try to be constructive and helpful * ability to view the forum in wide screen format (maybe you can but I can't see how - the forum text only takes up about 30% of the width of my screen)* more/better emoticons - happy to suggest some if you like ;)* also I'd like emoticons inserted where the cursor is, rather than always at the end of the text (ie if you edit and want to insert an emoticon in an earlier para, you seem to be only able to do it by cutting and pasting the emoticon, which is always inserted at the very end of the whole post)* I imagine this is related to the fact that whenever you format some text, your cursor is moved to the very end of the post; I'd rather the cursor be left where it was just prior to applying formatting (eg bold)* ability to report/hide abusive posts, to try and stop conversations degenerating into slanging matches :roll: Love the forum - thanks, Josh.