They knew they screwed up (or they know that when the state audits that file later what they will determine) and they wrote the check as required!

My wife is an independent contractor and doesn't "make" any money. ; )The major concerns are; (1) paying the balloon payment, and (also 1), my wife is ready to move, NOW.The 10% loan makes a big difference in our bottom dollar.

I will get an independent inspection done - that is a non-negotiable.

Thing is that a business entity will offer the means to write off expenses to the income that would be difficult if not impossible to do personally.As an example, you could write off cleaning supplies to gross rents personally, but if you were audited for any reason and they see gross rents received being higher, then the expenses can be questioned and they will certainly say, "you probably used those paper towels at home" type of thing.Having a set of books in a business will allow furniture and fixture expenses and depreciation, office supplies and other business related expenses to be taken and justified.

That URL forwards to an independent appraisal site.

You can't have your daughter's first words be passive income, but you can start her passive income mindset now......right now......immediately.......and when she is your age, she will be financially independent.

NC's state-level JOBS act of 2013 (HB 680) mirrors some of the federal structure but with a $1M limit regarding audited financials.

Just having to deal with a seller audit would add ridiculous complexity, and I can imagine edge cases where it would be difficult to encapsulate such an agreement into a contract.

I have a friend that's a contractor and will do the addition for about $100-$120 sq ft and I will hire independent to do the rehab (floors, cabinets, tile, paint) of the rest of the house.

Setting up QRP makes all the sense with the control one has and it seems cheaper to as compared to having a independent IRA custodian , what is the down side to it?