The certified letter is a summons, just like in a regular lawsuit.

If so, would it be a regular lease agreement signed between the corp and my dad? 

Regular depreciation gets prorated.3.

Here's a breakdown:Project Details:Property Cost: $50KRenovation Costs: $30KResale Price: $100KProfit: $20K ($100K – $50K – $30K)For instance, if your regular income is $50K, and you add the $20K from the house flipping, your total income becomes $70K.

Ohio comes up regularly.

Even the best of professionals guess wrong on a regular basis.  

He regularly analyzes the best markets to invest in, including how fair they treat landlords.

If that is you, then a regular homeowners is the probably the way to go.  

Don't just let them write you a regular check and see it bounce when you go to the bank later, or initiate a transfer that can later be rescinded.

It is updated regularly (every 6 month I think?)