Conventional loan with a down payment from my individual income.

In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.

My realtor suggested offering up to 3% buyer assist to help buyers who might have a hard time coming up with that 20% down since FHA financing isn't available on this house, so we did that a couple days ago and also dropped the price $2,000 to push the listing more towards the top.

Also there's a down payment assistance program (still trying to understand) which is how you're able to get the project 100% financed and bring very little capital to start.

Private would be money lent through anny company or individual outside of a loan from a bank...

I’ve worked with a few contractors on deck projects who might be able to come out to Lorain, so let me know if you need any recommendations or assistance!

(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and

Haven't had to worry about this yet but I hear it makes it impossible to evict if you accept even a partial payment so I'm glad I can choose my settings to only accept full payments•I can set up rent disbursements from different properties to go to different bank accounts for bookkeeping purposes that's niceCons•My only big complaint is that I cannot set up a general application link, I have to use the RentRedi portal to send an email to "invite" individuals to apply one-by-one.

If this can assist you, DM and I'll send it over to you..

C-corps often aren’t ideal due to double taxation (on both corporate and individual levels).This post does not create a CPA-Client relationship.