@Cynthia Lee it depends on your state and local laws.Here in Michigan, we can accept partial rent payments up to the Writ status and have it not affect the eviction process.

. ;-) I've bought a couple of probates but I found them driving for dollars (unkempt properties) and then tracked down the status. 

What is the current status?

.- When I called the brokerage admin to let them know I had quit the team and to change my status to solo agent, they said their system shows me as a solo agent and that the TL never submitted paperwork to add me as being part of their team.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

LLC without S-Corp status will not give you any more tax advantages.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Regarding the original post, there is no "status quo" for compensation or terms.

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

This in actuality is not correctAs an Additional Interest, you will receive notifications about the status of the policy to make sure it remains in force.