It is SORELY needed here in Southern Cal, I have endured the rounds of wannabe gurus, pitch fests and self important realtors that love the sounds of their own voices (there was one RE organizer who pitched a mlm scheme on a bottled soda) sheesh!

After a few months I realized that the team needed some reorganization and stronger internal leadership and pushed myself to be that person.

I did roll back the monthly mortgage payment to the original value of $1.5k till i reorganize.

By keeping the timeline concise I keep the momentum and did not loose the deal by allowing the seller to reorganize, fire their agent, and relist the property.

Income after expense will be less than 14K2) Investment / Stock Market TradingQuestionsIs Rental business and Investing considered purely a passive Income activityCan I take all Rental Income as distributions without paying myself a salaryIf I need to pay myself salary, what should be the guidelinesIf I have a Trade windfall and have capital gains of 50-100K in a year, can all be taken as distribution after taxesWhat is the probability that IRS will look at this setup and impose fines and cancel S-Corp election, if there is ZERO payroll taxesReasonMy goal is to reorganize my Rental / Investment assets into S-Corp.

Light renovations, new kitchen, some minor repairs, added a full bath to the walk out basement, reorganized the basement space Lessons learned?

What about a pending Chapter 11 reorganization?

LLC issue, it sounds like something I should be looking into myself for the future as a possibility, but I'm still small enough to not be thinking about reorganizing just yet.Something to consider, in PA if you are planning to hold your properties in an LLC, make sure that you form the LLC first and buy them within it, as opposed to buying the property yourself and transferring it to the LLC later. 

I get it, everyone should have access to proper legal counsel but some of these attorneys know how to take advantage of the system and know that their clients are trying to stall the inevitable without making a good faith effort to reorganize their finances.

The likely option is to file a lien against his property for the HOA dues that were unpaid ( I would figure the date since I had reorganized the HOA as the solid date to use as the start of unpaid HOA dues, since it would be more defensible).