Are we required to pay FICA tax on the deferred income? 

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

The property required a full gut rehab as it had been vacant for 15+ years.

I am sure that there are folks out there with banking relationships where the banker would require zero down.

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

We will always require at minimum 10% of a down payment for a purchase.

The lease should have a provision that requires the T to comply with HOA rules.

LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?