I am a bit confused as to why you have a $7,600 swing by changing entity type, I could see it causing some difference in accountant fees at the very least if you're including them in that, and maybe something with SE tax, but $7,600 for a new business seems a little much.

I do know that laws are constantly changing, and it looks like you might be able to do what you envision as of January (screenshot taken from this link). 

See how fast this builds you liquidity and reserves.

That changes things for sure but what about comparing it to the S&P 500 which earned 12% in the last 10 years for no effort at all?

Take the back rent it will not change your house status.Then tell the tenant they must pay going forward and if they don't be quicker on filing an eviction.

Get the deposit back and walk away as fast as you can.

@Ruth S.If you are the borrower typically your private money lender drafts the agreementsThe docs we use are standard except for the security instrument as that changes by state as some states are deed of trust and others are mortgages

if the deal still pencils with multiple strategies & you're planning to hold it long term, 20k over (in a higher cost market especially) will probably be chump change down the line. in general, it's good to not miss out on a deal just because you want a homerun deal. taking base hits get us further than waiting around for home runs. just keep in mind that if you have to come to the table with an extra 20k down (which you probably will bc the bank will only lend on the appraised value or PP whichever is lower), and you have to sell for some reason soon, you're probably losing that 20k. a risk you may be down to take if you really know your numbers, have multiple backup plans, and are in it for the long haul!

Hello,
I bought a duplex in california. One unit is occupied, tenants are month-to-month, tenants pay for all utilities, except water. The duplex has only one water meter. For the tenants that will occupy the empty u...

Rates can change up to 2-3 times a day, sometimes more, depending on what the market is doing.