In treatment now, the meds kept me up, so here I am at 3:30 am!

People coming to Houston's medical center for treatment could also be a source of potential renters.  

Would you rather know how to cure cancer or how to avoid it? 

Your personal use and fair rental days will dictate the tax treatment (residence vs. vacation home vs. rental).

I would look into making the necessary changes to make sure you receive the homeowner exemption if you purchased the property in your name.If you are purchasing a property in an LLC you will want to hold it for at least a year to take advantage of the long term capital gain treatment on gains.

This is extremely helpful if your owner is in the 15% income tax or lower and can get the benefit of the 0% long term cap gain treatment. 

You have to pay the gain at tax time, yet you are getting the principal from the borrower a little each year.The IRS allows taking an installment sale treatment of capital gains when you sell an investment property.  

That way there is no preferential treatment accusations, hurt feelings, etc.The first person to turn in their application and application fee gets screened first, if they meet my qualifications they get first opportunity to put their deposit down for the property.

She had cancer and was receiving county help with her bills, and the goal was to keep the county from putting a lien on it (her idea, not mine).

Robert Lurie passed away several years ago, of cancer.