Also, see attached certificate of compliance that will need to be filed in DeKalb county prior to your water being turned on: http://www.dekalbcountyga.gov/revenue/CertificateO....

IRS allow you to treat LLCs as a "disregarded entity" So you can file them on your schedule e on your personal return, so there is no additional compliance cost.  

Attorney in Florida with a focus on real estate litigation, CFPB compliance issues, and Third Party Purchaser representation.I am looking to learn more about NPL investment and conversion to RPL to identify opportunities for clients.

Not necessarily the business type of option but more of a compliance options.

Those here engaged in seller finance are just beginning to understand what other things they must do to comply and they are going to need profits from their loans to pay for their compliance efforts.If seller financing disappears, so will most of the communities and the people who read and post here.

What we are usually seeking is compliance, not the additional rent. 

@Cynthia Miller: you'll want to thoroughly check out this link about the Certificate of Compliance requirements:https://detroitmi.gov/departments/buildings-safety-engineering-and-environmental-department/bseed-divisions/property-maintenance/rental-property-information#:~:text=All%20rental%20property%20owners%20must,a%20safe%20and%20habitable%20condition.

Since the title company has no way of knowing if the foreclosure was handled in compliance with all pertinent statutes, doesn’t know if all relevant parties were provided proper notice, and may not even know the potential claims concerning previous transfers ( many people about to lose their real property for an IRS lien begin to do a serious of title transfers to try to frustrate the process), they realize that the title policy fee is t worth the potential liability.In the old days, there were some independent, small insurers who would take the riskier policies.

If you want someone to look at your contract and tell you, you can PM me, or Dion or Ken Rashel who deals in compliance.

. - Steve I have considered the self directed 401k route, but was advised by a neutral third party that there is quite a bit of maintenance and annual appraisal requirements from the IRS to stay in compliance.