It happens occasionally where a buyer wants to lower their payments and has a big chunk of cash, so I'll let them pre-pay a portion of their payments.

Hello, Im located in the Tampa bay area, and looking to wholesale or rent this unit, and need advice If advice on negotiating with the HOA's attorneys on lien.The condo facts:30-35k retail1br 1.5bathAbout 4k to rehab and sell retail, but its in ok condition to rentHOA fees $368Insurance about 300-400It can be rented in the low 800-------------------------------------The condo went into foreclosure back in 2010, then sold in auction in April of 2014, and immediately deeded to the current owner (who hasnt paid ANY HOA fees since she got the property).The HOA put a lien on the unit back on Feb of this year for 35k in fees not paid from 2010 to today (attorney fees included), when they found out I was going to buy it.An real estate attorney suggest that if I get the deed from the current owner for a very low price, then the lien can be negotiated for ONLY the portion that is due in fees for the current owner: $4500 (468x12months).

If the seller is unwilling to pay their portion of closing fees I would consider fronting the costs if the deal makes sense.

It may be different in your area, but I'll use my experience to explain.Step #1: You find a tenant that has a section 8 voucherStep #2: You and the tenant fill out a contract for section 8Step #3: Sec 8 will inspect the unit, and will tell you what needs fixed to conform to Housing Quality Standards (HQS) They are nearly guaranteed to find SOMETHING you have to fix.Step #4: Once repairs are made, tenant will be given a move in date, and section 8 will determine what the rent will be for the unit, and how much of that rent the tenant will pay based on the tenants income (they cannot pay more than 30% of their income in rent) the Fair Market Rent (FMR) and the utility worksheet (the FMR is reduced based on what utilities the tenant pays).Step #5: Every month Section 8 will pay you their portion (unless there is some issues with the tenant or unit), and you'll have to chase the tenant for theirs.In my experience, Section 8 will not spend the time to inspect a unit until you have a vouchered prospective tenant.  

Does anyone have any advice on questions to ask the brokers when I begin the interviewing portion of this journey?  

I know this is an old thread but it helped me so I figured I would post this for the sake of forum posterity-Here's the actual law:http://www.justice.gov/crt/fair-housing-act-2Here's the text pertinent to the exclusions: (b)Nothing in section 804 of this title (other than subsection (c)) shall apply to-- (1) any single-family house sold or rented by an owner: Provided, That such private individual owner does not own more than three such single-family houses at any one time: Provided further, That in the case of the sale of any such single-family house by a private individual owner not residing in such house at the time of such sale or who was not the most recent resident of such house prior to such sale, the exemption granted by this subsection shall apply only with respect to one such sale within any twenty-four month period: Provided further, That such bona fide private individual owner does not own any interest in, nor is there owned or reserved on his behalf, under any express or voluntary agreement, title to or any right to all or a portion of the proceeds from the sale or rental of, more than three such single-family houses at any one time: Provided further, That after December 31, 1969, the sale or rental of any such single-family house shall be excepted from the application of this subchapter only if such house is sold or rented (A) without the use in any manner of the sales or rental facilities or the sales or rental services of any real estate broker, agent, or salesman, or of such facilities or services of any person in the business of selling or renting dwellings, or of any employee or agent of any such broker, agent, salesman, or person and (B) without the publication, posting or mailing, after notice, of any advertisement or written notice in violation of section 804(c) of this title; but nothing in this proviso shall prohibit the use of attorneys, escrow agents, abstractors, title companies, and other such professional assistance as necessary to perfect or transfer the title, or (2)rooms or units in dwellings containing living quarters occupied or intended to be occupied by no more than four families living independently of each other, if the owner actually maintains and occupies one of such living quarters as his residence.

G, S, etc. can be set differently for the traditional and roth portions?

It would be an expense for the co and a 1099 for me.ORHave the LLC pay only the broker's portion and take my portion as a owner distribution.If your an Investor/Agent, how have you done it in the past and how has it worked for you? 

As such, even if just by luck a large portion of millionaires likely come from businesses (i.e. equity). 

If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ?