If that is the case, then mortgage interest on a note is passive and not subject to UBIT.UBIT applies when a tax-exempt entity engages in a trade or business on a regular or repeated basis.Passive income not subject to UBIT includes royalties, dividends, interest, rent from real property and gains on the sale of an asset that has been held to produce such passive income.Trade or business subject to UBIT generally consists of services or buy/sell transactions. 

But, how many others out there also like paper assets (equities, bonds, etc.)? 

Hi Anne,There is no asset is so good that you cannot overpay for it.

I personally do not like portfolio type deals because investors tend to over value the assets based on a cap rate, when the reality is that single families and small multis should be sold based on comps. 

I would love to be an asset!

Once you collect everyone's email, use Survey Monkey to create a survey with Y/N and open ended questions to obtain your feedback.

Even having a property manager managing your investment then you become the asset manager. 

. - Our intent is to refinance Uncle off of title in a couple of years.Uncle has a revocable trust where most assets are kept.

Investment is about knowing the true value (cost) of what you are buying--calculated based on the expected future return of that property, and then obtaining that property at a relatively lower price. 

The markedly liberal judge assigned at random to the case takes one look at her, one look at whatever quickie LLC you might have formed to buy the place, and decided that the LLC doesn't own the property, you do, and YOUR assets are up for grabs.