It's designed for individuals over 62 that want to stay in their home but otherwise can't afford to. 

Hey Folks,I'm looking for some veteran Detroit Landlords to chime in on this one: Which route is better to take with the Detroit Water Department on a rental: 1) Affidavit of Lessee Responsibility For Water and Sewerage Bills Individual Owner Acknowledgment2) Direct Payment by Tenant Agreement (Tenant (or landlord?)

I just voted up Joshua's post because the bottom line is that "I'll take the collective any day over the advice of one individual" rings loud for me.

However, the management of tenants are more and possibility of conflicts could be higher.As for renting the whole house, rents would definitely be lower, since not many household or single individuals can afford paying for the whole house, so most likely you will be attracting a family with children.

Do you create a separate lease for each individual?

Wondering if there is really any benefit to owning individual mortgage notes vs. investing in a mortgage note fund.

At Partner Driven, we thrive on collaboration, partnering with individuals like Jeff Dildine to uncover lucrative real estate opportunities.

At Partner Driven, we thrive on collaboration, partnering with individuals like Jeff Dildine to uncover lucrative real estate opportunities.

At Partner Driven, we thrive on collaboration, partnering with individuals like Jeff Dildine to uncover lucrative real estate opportunities.

@Evan LoaderTexas does not have a separate individual income tax filing.Kentucky and Georgia may have a tax filing requirement based on a minimum net income/gross income threshold.Even if you are not required to file, you may want to consider filing - to roll over potential NOL's.Furthermore, a filing doesn't necessarily mean you have to pay a tax - i depends on what the income from the K-1 reports.