As you are new you might not realize there is a critical distinction.

Typically showing large witty slogans and distinctive visuals, billboards are highly visible in the top designated market areas.When you place a billboard make sure it is either in your buying area or in a high traffic area.

A trust much like a corporation is a "jural person" it can sue, be sued, it has a separate tax id number and is for all legal purposes a separate and distinct entity from the person who is a party to the security instrument.

The entire firm is separated into 3 distinct departments, marketing, maintenance, and collections.

Our exemption allows for up the 35 non-accredited investors anyway, but the group managing the projects really is separate and distinct from the fund.

They are the same thing from the IRS' perspective;- From a legal/asset-protection standpoint, the difference is between a corporation and an LLC, and from a legal/asset-protection standpoint, the election of s-corp is meaningless.So, while I'm certainly no expert on this topic, make sure that when you talk about the differences between the two, you specify if you're referring to the tax implications (no distinction) or the legal/entity implications (likely big differences depending on statute, structure, number of owners/members, etc).

OK well if it has an HOA then that's a distinction that doesn't really matter for these purposes.

Ebere,I must distinctly disagree with you as IRS rules and regulations state that all expenses in preparing the property for rental activity(defined as listing for rent or actually renting which ever comes first) are added to basis.He inherited the tenants when he filed for the deed of a home in which as he stated the intent was to flip.

Any suggestions appreciated.There are two distinct types of financing and both require your and your money partner's ROI requirements and risk thresholds.One: An equity partnership is where operating partner and money partner have an ownership stake (title) in the property.

I feel that this one may be trying to avoid declaring income based upon their distinct rejection of receiving a 1099.