Ken: You can distribute dividends to adult children from your family trust and they will be grossed-up, credited and included at the child's marginal tax rate, but dividends to minor children are still subject to the "Kiddie Tax" ... you could also achieve this directly from a corporation by issuing distinct classes of shares to each family member and only declaring dividends on those classes held by the adult children.

I remember distinctly telling him that I have met a lot of ------------s in my life.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

That is clearly distinct from any type of professional lender.  

The distinction is in what type of unit amenities they provide meaning; private yard, private garage, no shared drive etc.

@steven_johnson - a few distinct differences between 203k and construction/rehab loans.203k financing is for owner occupied only.

Currently only 8% of our customers are coming from there.Customer base: This is an older part of the larger city made up of very distinct demographics; Spanish, Old Italian area, and downtown techie/entertainment area.

There is not clear distinction, it is a feel for the area. 

* I should add, I required a co-signer to qualify for the loan and would not be able to pursue this without a co-signer, which the lender said was a key distinction when it comes to FHA non-occupant co-borrower rules. 

My thinking was that if these two entities shared the same LLC, but had distinct DBAs, then my expenses with the real estate (land purchase, engineering consultants, architect and construction costs, etc.) might be offset somewhat by my consulting income.