Whats going to happen if the father loses his job, gets a cut in pay or has more kids.

I will admit, sometimes these bills have unforeseen consequences outside of their design but this bill is pretty acute in its focus.

Even so, says Bing, persuading people in mostly deserted areas to move to denser areas, where there is "safety in numbers," is a challenge.The population continues in flux because of another acute problem for Detroit - the foreclosure crisis.

Profit, loss, and capital splits all have to be understood and come into play when the LLC files taxes each year (form 1065) and gives the partners their K-1 forms.Another alternative is that your parents buy a house using their money and their credit and you manage it for them, for a cut of the rent.

Robert Steele I agree that the only worry I have is that they rule against me despite being in the right.My plan is to respond decisively with a lot of support for my position (Unlike the zero support they sent) and see if they back down as I will not be an easy mark.If she does move forward then I probably would look at settleing as I could get screwed by a judge that doesn't feel that the law and acutal facts are all that important.

I did get my license for the following reasons (not in any order):-Commissions (about 2% after your broker takes a cut)-Access to the MLS for ARV-Allows me to talk directly to other agents-Allows me to put as many offers on as many houses as I want at any price-Speeds up my response time.Good luck

The problem with property managers is that in lower income areas the maintenance gets too expensive. the property mgr gets a cut when he hires out the job and in some cases the contractor that gets the repair order subs it out and when the repair is not done right everyone blames everyone else.I own single family properties and half are section 8 so rent is not an issue for them but I do find myself chasing tenants for rent.

Or does your broker in charge get a cut?

If the mentor is getting a cut from the contractor, don't let that involve you.

The equity amount may also be viewed at todays value rather than the contract price, the buyer is entitled to equity through apprciation as well and any improvements which may have been made.It's not always a cut and dry issue, so best to go to your attorney.PS.