I can tell you that this is a very technical area and laws will vary tremendously from area to area.

Looking for some advice on areas where the landlord laws are friendly.

Thanks Adam .This is great .Will do what both you and John suggested .I am hoping the bank uses a third party appraiser.I assume there would be laws against them using an “in house “ appraiser..I just know they’re not going to want to gibe up getting that $250 a month from us ( PMI).Much appreciated -Christian 

Without trying to justify the big leap into the game, all partners are fully prepared in all aspects to commit to growing our business and be bound to the by-laws of the corp.

So I’m not going to suggest that you break the law for your own gain.  

It's the same on the Jersey coast where my in-laws had a house for decades.  

@James Sedano If you feel this strongly in favor of having the trust, I would recommend a firm who specializes in estate law or has a practice group who does rather than a generalist.

Every state has different laws around how tax sales/liens work, and counties within the same state may have different quirks or peculiarities in their process even if they all follow the same laws.

This is because the law says you can only depreciate items that wear down over time (i.e., the building and not the land).

At that point, Sally will own all of the liens and will be able to foreclose.Not a lot of people know about the law change.