They will have to declare it as income but unless they have other income it won't be enough to generate any tax liability.

The courts ruled that even though each cab was owned in its own LLC, since they were being administered by one LLC, all cabs then were subject to the law suit.So in short, a good combination of reasonable LLCs coupled with appropriate liability insurance is the best answer.

I doubt you could go to court since you're not the owner.

(thats means i will be doing Yellow letter and just mail it to motivated sellers)3)Auctions (but i dont really know anything about it or where they are held in Raleigh.)4)I have also heard the term "Court house steps" not sure about it.

The courts of Oregon will make you go through a Judicial foreclosure to remedy a default so for sellers these are terrible in this state.

If she takes you to court it will cost you a lot more all she needs to tell the judge you provided an unsafe place to live.

Our local courts now said original owner is subject to triple the overage amount if anyone tries this.

I told them I would pay them on a such date and they refused and said they are taking me to court now.

Here in Texas all delinquent tax cases are filed in the local district court.

Here in Oregon they went judicial and that buggered it up something fierce. but sales are down of course... however when I was very active 2000 to 2006 at court house that was a hot market and we still bought 50 plus houses a year in our market..