Hi @Bob E.

Send me a PM and let me know what they are asking and on what amount of land, along with your e-mail. 

For an S-Corp, there are situations where you could pay yourself a salary from the S-Corp which is subject to the ordinary and s/e taxes and the remaining profits would be a dividend / distribution to members only subject to the ordinary rates. 

They were literally holding the entire home up, so I would assume the basement wall no longer had much weight on it.Re-sale would be my concern & most of those we viewed in the affected area are heavily discounted with some empty & on the market >174 days.

We're lucky to have an excellent HVAC/electrical/plumbing guy whose who is worth his weight in gold; he's diabetic and I'm giving him freebie nutrition lessons (I'm a registered dietitian in so-called real life) to keep him going!  

Colleges look at relative ranks within a class and give it high weight.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

I suspect the rental business might be difficult there, too.If you want to have a small business I strongly recommend "The E-Myth Revisited".

I think we should all attend the event this weekend and see what these guys re about.....https://www.eventbrite.com/e/alamo-reia-presents-s...

You'll report rental income on a schedule E form for tax purposes.