I am thinking my only solution is to go with the sellers to the credit union and explain the situation and see if they will allow the note to be left in place for a few months and freeze the line.

Solution=find a experienced residential architect who isnt working a whole bunch right now.

s=159&item=224Zillow Acquires Diverse Solutions to Help Agents Grow Business and Online Presencehttp://zillow.mediaroom.com/index.php?

They were pretty ignorant of possible solutions to HOA acquired property and appreciative to hear about other options that were available to them.

We didn't.Working on it all right now . . . hopefully we'll have a solution soon.

Anyway, my point is recommending joining a REI group is not always a solution.

I understand that it would be difficult to explain, and so I was having trouble wrapping my head around how I would go about that, but your solution is simple and effective.

Once you elect to go the s-corp treatment route you are stuck doing it that way, at least for several years I believe.

The simple solution most of these operators ignore is to take title.

These solutions cannot work long term with a high occupancy rate, but a great solution to reduce barriers to entry.