If they're inside, you should abate it, specially if you have active fibers in circulation and you're breathing it everyday.

I thought that maybe i should purchase the home as an investment property, lease it back to them for two years and then sell it to them once they are financeable on their own, but am not sure how i would incorporate their down payment into the transaction.

200sq room above garage that has two closets and door with stairs that go into (incorporated with) the house. previous owners used it as a sewing room) No heater in there.

Perhaps you're in a high paying field or have gotten way better than the 2-4% that is the norm in corporate America, but that approach just won't work for many folks.

One question I have is how to incorporate depreciation of fixtures (kitchen, bath, floor) and furniture (including curtains, etc).

CA is a high-tax jurisdiction so many small business owners incorporate in Nevada, Wyoming, etc.

Your title should match the title as described in the article of incorporation under the list of officers.

For the 1099, check if the plumber is incorporated, as payments to corporations are exempt from 1099 reporting (disclosure: some exceptions apply).

The Lessor, for and in consideration of the sum of_$1,500.00___ dollars in hand paid by the Lessee, receipt of which is hereby acknowledged, hereby leases to Lessee, his/her heirs or assignees, the premises situated in the City of ___Garner_____ County of ____Wake____ State of _North Carolina_________, legally described as: ______________________________________________________(If the legal description is not included at the time of execution, it may be attached to and incorporated herein afterward.)

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