., on picking your best governance element choices available under NRS 86 for the entity formation documents - and - what kinds of advice have they seen such an entity needing as it operates throughout its lifetime / and what has their success rate been with REI clients and their entities during the operating phase of the biz.Good hunting for these start-up and operating Power Team members!

We started our paperwork with the VA through Navy Federal to get the loan transferred.My husband has been supplementing his teaching (which is PT) with remodeling since February of 2015.

I think in your post, you have already thought about breaking several of the rules that are governed by the IRS.

Of course, your income + 75% of the rental income must be enough to meet federal Debt-to-Income guidelines (somewhere around 43% max, I think). 

As you are dealing with the government instead of a local bank.

The precise remedies available will depend on your lease and the contract law governing it.Since you are remote, you will need to find a property manager or someone local to be your boots on the ground through the drama which may ensue. 

Then when "Billy" suggests getting on the roof you can gently remind him that getting on the roof is prohibited by the lease and while he would probably do a wonderful job you have to enforce the lease uniformly or risk a fair housing claim from the government.

I like Washington Federal.  

for most people the Federal long  term capital gains rate is 20%.If on the other hand you receive the property as a gift from parents, or anybody else, prior to their death, then your basis is the same basis as the giver. 

I moved into a neighborhood governed by an HOA in May.