You will also be taxed on any salary you draw from the corporation.This sounds to me like a real cart before the horse scenario, and I strongly suggest you get your legal and tax team on board before making any additional moves.

Larry's into horses or horse showing or something like that - Elizabeth is a cool older eclectic gal - (our family lived in one of her furnished rentals for a month and a half when we came here)

That aside, as I dig deeper, and delve further down the rabbit hole, it seems to me that this "acquire subject to and lease option" stuff is an REI Trojan horse.  

By the way you spelled licenses wrong, might wanna use spell check when calling out spelling, but who cares right.Anyway this horse has been beat so have fun protecting the pedophilez!

or cash.. and scoop the deals when and if that time comes around again. but I think its fair to say 08 to 2012 was a very unique set of circumstances and other than a one horse town or one mill town or one main manufacturing town.. were the mill or plant closes and real estate tumbles.. we just never saw such a wide spread loss of values.. 

You will never get a deal done if you put the cart before the horse.  

And lets face it I think the subject at hand is a horse if not  beaten dead ... then close to it.

To clarify, I don't have a horse in this race.

[climbs down off his high horse]

(There is now a separate provision for miniature horses.)