Treat your family private lender like (or better than) any other private or HML: promissory note and lien recorded against the property.

When I tried to open this account though, they treated me like a criminal even though I explained this repeatedly and all of my documentation was in order.My only concern about using Solera or Titan is that there's no local branch for me to access, and I'm kind of old school.

-I had the benefit that he knew other contractors I had worked with so I told him he can talk to those guys to ensure I have always paid on time and treated them right.At the end of the day, it doesn't hurt to remind him it's a competitive market and others have accepted these terms.  

Its treated me well all these years..

Unfortunately, those are treated as personal expenses and aren’t deductible.As for the repairs and improvements, fixing leaky pipes counts as a repair and can be fully expensed in the current year.

The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.  

*The big asterisk on this entire statement. be aware many States have bedbug laws on the books now requiring the LL inspect and treat if there is an issue.

Since flips are typically treated as dealer properties, profits are taxed as ordinary income.Please make sure your entire structure is properly analyzed for you to save most amount of taxes.

So, for items #1 and #3, I would talk to them directly first because I like to treat people like people and communicate directly about anything.

This is also part of the reason why people labeled Jay a hater when he called MI on their claim that doctors and nurse lived in the rentals or that people in D class treated them better because they are grateful for a place to live.