For example I fired two agents because they declared my offer too low without even looking at my numbers.

But decided on American muscle after, so got a 1965 Corvette Sting Ray for 7 years. 

If you add your son to the title to your rental property, then the property is exposed to liability in the event your son is sued or declares Chap 7 bankruptcy.

@Matt TreeceTexas law allows the owner to declare the property abandoned . 

But by Jan, from stories, you can do it legally as long as it is not declared public, so offices count.

This is an even worse figure than during the Great Depression when unemployment hit 24.9%"Many jobs wont come back as evidenced by the growing lists of companies declaring bankruptcy:JC PennyJ CrewNeiman MarcusHertzFrontier CommunicatinsGolds GymIntelesatJohn VarvatosStage StoresTrue Religion ApparelUltra PetroleumVirgin AustraliaWhiting PetroleumAldoRoots USAPier 1Art VanCentric BrandsAnd those are just the big companies making headlines. 

They'll need to get an ITIN and declare any interest you pay and/or rental income.  

Get your numbers down pat -- spend time on craigslist seeing how much houses rent for, and then go to realtor.com and figure out if any single families in your area will cashflow (not to buy, because you don't have the money down right now; just as an exercise to build your deal-recognition muscle).When you find the MFR in your area, call the landlords and PMs and ask if you can take them for coffee.

@Mitchell Zoll I've got the LLC formed as of yesterday, and I'm filing for my EIN on the IRS website, and they have it very clear with regards to husband & wife in a community state and still declaring the Single Member status.

It will certainly look like a private lender had the intent of loaning money as a means to obtain the property.That opens the door to going through all the loan details to see if there was actually an event of default, if any effort was made to correct the issues, any attempt to modify the loan was made or if the lender just declared a default and moved forward.