My background is corporate accounting (10 years, active CPA). 

I wouldn't trade my life for a corporate job even with a 30% pay increase. 

No, but it's generally considered a Corporate Advance and tacked onto the arrearages which is typically included in the final judgement amount at Foreclosure. 

Thank you If you move ownership of a property to an entity (LLC, Corporation, Partnership,etc) you may be in violation of the Due on Sale clause.

From the accountant:Both liabilities show up on the corporation’s books and both need to be paid by the corporation. 

So my next step is to get the community together and change the laws of the town, "never thought I'd get into politics lol."

@Dedric Polite Haha i know, we just gotta buy before everyone else before people hop on the train

Individual taxpayers who are not engaged in a trade or business but are investigating the potential creation of a new business should consider forming an S corporation to facilitate and conduct all the activities related to the investigation.

They have a maintenance guy that handles anything so our contact with the landlord is very limited.I would love to this property as my first investment property, however, I'm having trouble thinking about how I to be going about this.My initial thoughts are to just put out a feeler saying how much my wife and I love this area and that we eventually would like to hopefully buy some day and just politely ask that if they were ever thinking of it, to please keep us in mind.I'm having trouble figuring out how to communicate this message.

I've had one tenant owe me $2k+ - I was polite to her when she moved out and treated her with dignity and respect and she paid me every dime 4-5mos later when she got her tax return - have another similar incident when someone else fell on a hard time.