I'm looking to potentially buy a house with my best friend, a very savvy, enterprising kid who's 22.

I'd go with simple interest on this one- it would be compounded if the $50 stayed in the same account, and the 5.6% interest accrued on the new amount in the subsequent period(so for instance, the tenant would have to pay the late fee of 5.6% on $950 in the following month, then the late fee of 5.6% on (1.056)($950) in the month after that, and so on...)Either way- compound or simple- the return is too good to ignore.

You'll have plenty of opportunities to speak to the applicants during the pre-screen process on the phone and subsequent calls to answer questions and discuss next steps.

I remember once closing down an LLC too soon, and then subsequently receiving a significant refund check of some sort.

Therefore, you shouldn't file Form 3115, Application for Change in Method of Accounting, to make this election or to stop applying the safe harbor in a subsequent year.http://www.irs.gov/Businesses/Small-Businesses-&-S...

depends on what vehicle you use.. if your pooling investment capital into one fund and for a common enterprise then some sort of PPM is usually required.... no licesne required to do these they just need to be done as 506 offerings.. the sponsor does not need licesne.. you need license in some cases if you are marketing the PPM for investors.. if you have the investors already then its pretty simple.. suggest you SIMPLY talk to a good securities attorney and tell them what you want to do and ask them to prep the docs... usually 10 to 40k for this 

I have 2 townhouses with property management in place outside of Fort Rucker Army Base in Enterprise Alabama. 

BUT if you execute another 1031 down the road when and if you want to sell your new properties, you can, essentially, keep deferring taxation until you die, avoiding paying taxes on this sale or any subsequent sales for your entire life.Bonus: your heirs inherit your investment props with a 'stepped up' basis equal to the market value of the property at the time of your death, meaning all that capital gain and depreciation recapture that's been rolled into each successive property gets wiped out.

Just has to be insurable.FHA won’t cover a loan for any commercial enterprise (5 family plus, or other commercial operations). 

Hunters Point  the one over by the cow palace, the one were OJ simpson grew up.. probably about 20 of them most in prime locations.. and all turned into mini ghettos.they now for the most part have all been torn down and repositioned.maybe if Portland wants to create housing for low income they simply need to do the same. the CITY needs to build it and provide it and run it.. why force it on private enterprise.. private enterprise just leaves the market..