@Eric Dacierno, Yeah S corps are hard to unravel without recognizing the gain. 

It's a type of land trust recognized by most states as not being a dry trust (dry trusts are executed under common law).

MN demands their cut AND doesn’t even recognize accelerated depreciation.

We initially called it the “100 deals call” as some people say you need to look at that many before you recognize/find a good one. 

The bank's perspective is that hopefully they can recover their remaining 80% investment in the property.However... banks will often recognize equity value in the property under your column of "money in the deal".  

YOU have the best answer possible,, from :Account Closed are using the proper State Approved, Court Recognized leases for your State..Join the Association and also download your state landlord tenant laws. 

We have two nationally recognized chapters: the Miami-Dade REIA & and the Broward REIA aka BREIA.

@James Wise20’s: formal education; gained experience through lots of hard work and continued to study and learn as much as possible from mentors; missed some opportunities, made a few mistakes and learned lessons from those experiences.30’s: lots of smarter work; shifted from the side hustle to focus on building systems; recognized and took advantage of more opportunities; built rental portfolio. 40’s (current): still working hard and smart; focused on using and improving systems based on experience; looking for additional opportunities but thinking bigger and more about long term plan; while I probably have less energy than in my early thirties (and more to juggle with career, investments, family, church and service commitments), I am much more efficient now in nearly everything I do.

No, the attorney mentioned is not some nationally recognized expert, he's a self appointed expert to sell his crap.

Certainly, there's a spectrum, and it's unlikely you'll find anyone who's completely capitalist nor anyone who's completely socialist.So, to apply these labels really doesn't mean much (unless they are applied by oneself and to oneself)...