. $250) Getting domain: $10-15 approx (NYHomeAdvisors.com) Getting website hosting company: $120 per year Website design creation: $100-$150.

Other then that I just ignored it.Another thing is that Cost over the long haul will favor the Custom site because after about a year the maintenance and things like SEO and Content creation can be scaled back considerably.  

My lease specifically states:5) UseThe stated premises shall be used only as a family residence and no business activity whatsoever is allowed including babysitting – childcare and the lessee shall not permit said premises or any part thereof to be used for (a) the conduct of any offensive, noisy or dangerous activities that would increase the premiums for fire insurance on said premises; (b) the creation or maintenance of a public nuisance; (c) anything which is unlawful or in violation of any public authority at any time during the term of this lease; or (d) any purpose or manner which will obstruct, interfere with, or infringe upon the rights of adjacent properties.

(Modern Real Estate Practice)So an IRS lien will not always win over others, but I believe Wayne is right in this case  - the buyer's IRS lien will be superior to the mortgage lien - not because it's the IRS per se, but because the filing date of the IRS action preceded the creation of the mortgage lien.

PROS: - The note is an 80% loan-to-value - there is a 10% interest rate on the note - I have excellent credit - a sum of cash would be offered to the new owner of the note as an incentive - an early payoff penalty would be in place on the note CONS: - there is no payment history since the note creation and trade will take place almost simultaneously - there was no down payment paid to the seller of the house Are there any firms that would accept a note like this?

I just wish the BMV would provide a link to the applicable statute.One idea I had in mind to help out others in this situation would be the creation of a state list of regulations pertaining to this issue. 

If you are unable to experience appreciation you might miss out on best part of REI, passive wealth creation. 

This is a very common way of owning investment property because of the fairly low creation cost and because it usually offers less formalities and maintenance than an S Corporation or a C Corporation. 

But would that lead to long term wealth creation?

I'd like to get a lawyer on my team to help out with contracts, titles, LLC creation, asset protection, and, eventually, small to mid-sized multifamily deals.