That’s an important distinction because your end buyer’s bank likely won’t include that fee in the loan, which means your end buyer will have to come out of pocket to pay it.

Due to our particular circumstances (including our ages: late 60s), it would be difficult to get a conventional loan to leverage it, and buy more properties. 

That being said, the intent to sell the property could change the circumstances substantially.

Under different circumstances, the best play is to kick it as deep as possible to pin the other team back.

An LLC may be the perfect route for one person while an S-Corp may be perfect for another.While on the surface, both are doing the same type of business, the facts and circumstances regarding their financial and tax goals, their other sources of income, their tolerance for regulation, their family status and their retirement goals may be vastly different, which would affect the type of entity that works best for them.Taxes are not a cookie cutter, one-size-fits-all topic.

If I had a excellent tenant that I had for a year or more I would, under certain circumstance, allow them to do short term rentals.

Just as we all have different body types that may effect running, each of us have different circumstances that effect our investing.  

This is aside from extenuating circumstances.

All partners need to be adequately protected against circumstance but also just as often against each other.

Ideally I would like to get started in small multi families and could be interested to an FHA loan under the right circumstance.