Strictly speaking, you need to go through the motions of an eviction, even knowing she's not coming back.

If it is an all cash deal, whether you pay for an appraisal is strictly up to you and how comfortable you feel in your ability to determine the property's value.

Though even those things are routinely removed when the house is a short sale.

I chose this HML because they require no documentation and the loan is strictly based on the asset which is the essence of a HML.

Being Canadian investor I have discovered during my conversations that lenders are very strict with "foreign nationals" so it looks like Hard Money lenders will be the source for me to start.

I let them know that I don't make a proft and it's strictly for running a background and credit check.

I also have a pretty strict no pets policy.

The company should be capable of conducting minor repairs and routine maintenance.

If that's the case, there's no savings.On the other hand, if your CPA said that you should be pro-rating that income based on actual time the business was operating, and said -- STRICTLY AS AN EXAMPLE -- that 40% of that income was to be paid as salary and the rest as dividend, then you would have a small savings on that 60% distributed as dividend.Specifically, I believe self-employment tax for 2011 was 13.3% (up to a $106,800K limit on 10.4% of that), so the numbers work out like this:1.

Realistically, you'll have some vacancy, some make ready expense, lease up fees (often charged by the PM in addition to the monthly charges), and some routine maintenance.