(STR)I'm researching the best and most straightforward ways to structure this arrangement from a business and tax perspective.

Also if you are not careful in his group you may shave your head and spend your days at the airport handing out flowers.   

I recently received a notice from the city on the previous owners name to arrange an inspection of the basement as someone reported to city that it’s occupied and it’s not.I would appreciate if you could share how to handle this?

Is it preferable to transfer ownership to the LLC or consider a corporate lease arrangement for the existing property?

Second, if you are a sub-to buyer, the last thing you want to do is to bring attention to the arrangement.

Cats must be fixed and proof will be required-First month's rent and security deposit will be required -If you meet these and would like to arrange a showing please let me know.

.- Install flower beds to left and right of steppers.- Repair wood rot as necessary, specifically seen in the soffit.- Repair / replace soffit screening as necessary.- Seed lawn as necessary, especially after tree removal.- Repair as necessary the water tank shelter on left side of house.- Remove awning from back left corner of house.- Remove rear fence.- Repair rear porch as necessary.- Paint front porch floor gray.INTERIOR:General:- Paint throughout, space gray, with high semi-gloss white trim.- Replace electrical outlets, switches, plates with new white.- Tile throughout (bathroom will get different tile.- Install new windows throughout (18), install new trim and replace rotted or damaged framing as necessary.- Install new white vent covers throughout.- Install (brushed nickel?)

Is there any other formal arrangement because the way you wrote it sounds like your wife and her father are 50/50

Irvington, some parts of College Ave and Meridian St (drive another a mile or so and it might be Class C)Class C: East side and west side of Indy with affordable home prices (Christian Park, Grace Tuxedo Park, Tuxedo Park, Little Flower, Emerson Heights).

So you need to be out there finding the next house, finding money, arranging financing, networking, finding the next hot neighborhood, etc...