That would be correct if OP's father has made or intends to make an S election for the LLC.Since OP did not specify tax status of the SMLLC, we're left to assume no alternate election was made, and the LLC carries the default tax status: 'Disregarded Entity'.A DRE should not be issuing W-2s or 1099s to its owner as it's effectively dissolved for federal income tax purposes and there's no distinction between the owner and the LLC.

They say its a federal standard..

A QOZ Fund simply needs to fill out paperwork and include it with their annual federal tax filing. 

My guess is legislation will be passed either locally or Federally to make it illegal or to put some guidelines on the process To me, a fee should only be charged if credit/background is run and that should only happen after a tenant submits an application and has  been conditionally approved pending credit/background check. 

  #1 Federal Historic tax credits will ultimately return somewhere between $15,000 - $18,000 in federal income taxes next year #2 Historic homes have character that short term renters value & will pay additional for in their short term rental experience#3 Completely remodeling a home with high-end finishes will probably not pay off for long term rentals, but does seem to in the short term market. 

Navy Federal does them for HELOC's up to $100k at 70% of available Equity, Here is the link: Navy Federal HELOC for Investment properties  They do regular P&I and Interest only HELOC's

We are working with the closing's title company - they are reputable and we have an open line of communication with them, and the listing agent, seller's lawyer, and the reputable title company have told us it's clear there are no liens - to make sure we are sufficiently insured in the title insurance, to make sure the title policy has coverage without any of the liens exceptions listed on auction.com:"Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"Is this the right approach for bank-owned?

Unless the tenant was a federal employee, I expect to never recover a single dime.

I am interested in investing in TX/NYC/NJ and leverage the Veteran benefits (like VA home loan) and my disability benefits (full property tax exemption in some states like TX or NJ)I have about 75-100K to invest, VA Home loan, TX VLB Loan, NY home for veteran loans and other states have similar loan programs for veterans.my biggest debate is whether to buy my first property in Hudson County NJ (jersey city, Hoboken) or DFW TX.another thing, anyone has experience doing business with Federal or state government?

Hello to all and to all Hello! I would just like to inquire about the ramifications the opportunIty zone program will have on investors for the next 10 years. For those who might not be familiar here are just som...