Don't need an LLC, which adds to the cost (for now since everything is in a trust and I have an umbrella policy for liability, eventually I will get an LLC where I can spread the costs out)I wanted to get everyone's thoughts on this.

This lowers the chance of triggering the “due-on-sale” clause.Consider a Land Trust to transfer ownership without alarming the lender.Once transferred, use the LLC’s account for all rental income and expenses to keep it separate.This post does not create a CPA-Client relationship.

Then he offers to fund half of the $91k so I can trust him and will give me 10% then 12%.

To determine the level of risk the applicant poses to your property and income.You should give them space to explain their criminal record.

Trust me I know!!! 

It took awhile to catch on, and it was the likes of airbnb and VRBO that took this concept to a new level with global exposure. 

From just surface level, if your equity is high and your cash flow is negative, those are clear indicators that it may be time to sell for a gain while you can.

That being said, I think there might be an opportunity for this program to be expanded as the the politicians seem to finally be understanding that they need to do something to fix the lack of supply of new construction homes and I'm thinking this program may end up being a part of their solution.I've tried finding some real meat/details on the program but all I can seem to find is the broad strokes at a really high level. 

The most tax advantageous business types are partnerships and S-corps, for you don't pay income tax at the entity level.

Matching their energy is the first step to building trust.🧠 Tap into Their Pain Points: Listen for words like "stuck," "frustrated," "exhausted," "drained."