An example scenario we ran with the bank president was if we purchase a rental house for $40,000.

Or maybe first call the former president of Georgia REIA - Chris Littleton to see who he recommends - and his office is right down the street from you - Solutions Realty Network.  

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

**awaits president Paul Sandhu clever reply**

I have already done that for meetings here in Oak Harbor for a condo association for which I am President of the Board, so that we can include remote investor condo owners. 

But it pays to run the numbers to see if that election makes sense.

Section 11.B. on the CAR contract states that you can elect to Cancel **OR** request repairs be made.

Easier to work with, expect to close faster, and with less stress.The LO on offer #2 is electing to roll closing costs into your loan balance, the LO on offer #1 is electing to ask you to pay them out of pocket.

The HOA president and board refuse to be contacted and only refer me to the PM. 

They elected to go the "easy" route.