Gilbert RossYou have a couple of options:1) Refer the note to an investor and earn a fee at closing.2) Sell the note to an investor and keep some of the payments on the tail-end (aka partial purchase).3) Hypothecate the note - which is a fancy term for using the note as collateral for a loan.4) Use lines of credit - either unsecured or secured (by the notes or real estate assets).5) Joint Venture with someone.6) Tap into self-directed IRA funds.There are lots of sources out there through networking, researching, and directories.

My understanding is that an LLC and an S Corp basically have the same tax rules in that their income flow down to the individual and they pay taxes on that income as if it were regular earned income (based on whatever tax bracket that individual/couple falls under).So, when you ask if the IRS would want to get taxes from you on the $1,000 of rental income, the answer would be absolutely yes. 

He who understands it, earns it ... he who doesn't ... pays it."

To further the thought of regulators looking at Mortgage Servicers is an article from todays paper where Ocwen Financial had to re-state earnings. 

Apparently that is considered 'Real Estate Brokering' and paying a referral fee is a right only a broker or agent has earned.

We not only lost our hard-earned money but on top of everything, our health suffered, I had several sleepless nights due to the stress and anxiety that this horrible experience created for my wife and me.After the buy-back was completed, I approached Maverick to at least help us with our losses by requesting us to give back ~$6000.

I believe it is to simply have you resubmit for another draw to earn more money in fees. 

However, I am not quite sure how to figure out if that would even make sense.I guess it basically comes down to paying no tax and only earning, say 6%, versus paying tax and earning 12%.

This also applies to any "wrap" mortgage agreement.A "Partitioned Note" is one that divides principal, interest, payment or other terms, such as a balloon requirement into separate parts but is constructed as one obligation and secured by one security agreement, in Texas that would be a Deed of Trust.In the body of the note, each part must be described as an individual obligation as being a part of the entire obligation.I can have as many parts or partitions as necessary to meet the needs of several parties or one party that has different underlying financing requirements.Conceptually, think of a Series LLC, where each member has their own cell which is accounted for, their capital and earnings within that cell and each cell is consolidated to the LLC for its financial statements.

That means a interest earned from that deposit is also the tenants money.