You'll need to find out what his needs are in seller financing the deal, at his age he may need cash for other things, for other affairs.

Talk to your tax accountant to verify this will be true and beneficial in your specific case. 3) One big benefit of an LLC that is not mentioned as often but which I have enjoyed immensely over all the others is simply separating your rental business from your personal affairs (and I don't mean in an accounting or taxation sense like mentioned already above, but rather an operational one).

@Solomon MorrisYes, see #2 on first post, that is what im debating, if it is worth working through that process for him to get guardianship over her affairs and control of property.

I am a veteran of the United States Marine Corps and I currently work for the Department of Veterans Affairs.

Affected landowners appointed board members to run the affairs of the district or the specific infrastructure project being built.

Not sure how things work in WA, but here, after 10 days, you send a 3 day cure notice for being in breach of contract and informing the other party they have 3 days to get their affairs in order, or you can cancel the deal and keep the EMD.On a side note, where is your agent in all this mess or do you not have one?

No rant... just an acurate observation about the challenging state of affairs in our "capitalistic" economy.

The lender will be interested in how the building is performing as a business: what's the scheduled rent, actual rent (i.e. what's vacancy & turnover); what are the operating expenses; can the building still be cash-flow positive with a 15-25% decline in revenue; how is the maintenance, etc.They will still look at your personal finances, but more as an example of being able to manage your affairs appropriately and not being on the verge of insolvency.

The regulating body in TX for MHs is TDHCA Texas Department of Housing and Community Affairs.

Bernanke's predecessor, Alan Greenspan, told Bloomberg News that "fiscal affairs are threatening the outlook" for recovery from recession as Congress and the White House have been unable for years to make tough decisions to raise taxes or cut spending.