@Stan Yen Is that estimated gross income (EGI) number actually gross income (e.g. based upon real financials (3yr average) or a vacancy allowance has been incorporated) or is it really scheduled rent?  

How would that normally be incorporated?

After 30+ years working in Corporate America in the finance and accounting field I am ready for a change.  

There is a small incorporated town in California that I have a rapport with many of the City Council members, including City Planner, City Manager, and Mayor.

You need to know them and make sure your lease incorporates them.  

It is alos important to note that Unrelated Debt-Finance Income UDFI applies when an IRA incorporates debt financing for investing in real estate. https://www.irs.gov/irm/part7/irm_07-027-008This same tax does not apply to solo 401k plans, however.

i am a contractor , my business is incorporated .

Like Elizabeth, I have a full-time career and incorporate real estate as part of my long-term financial strategy.

I am incorporated and purchase all the properties in the company name so i guess i could pay myself on a W@ type basis for this kind of arrangement but ji wonder if anyone else is doing it this way.

So if you don't have a business license or articles of incorporation get them TODAY!!!