TIA.Wow, it would take some pretty tortured logic to claim its legal, I suppose you could argue murder is legal if you don't get caught, but I wouldn't touch a deal like that , ever.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.

LOL)Be careful on the section 8 payments.They might be high now but can have a readjustment monthly rate for the area come down the pike.I have seen this happen in a few areas.In those cases the section 8 tenants can never make up the difference so the landlords get them out to rent to regular tenants at market rate.If section 8 payout is at market rate or higher it is good but if below you have to have a real low basis in the property to rent out and make any money.

Non US Citizens Are Do Not Have The Ability To Get Bankruptcy Protection Something You Never Want To Have To Face Or Claim But If Ever the time Comes That You Need This Protection It Will Be A US Corporation That Will Allow You the Protection.

It just means be aware you will have to claim it in your taxes.

I would not quit claim the property to your husband since you still have liability for the home.

You may also take on other liabilities in doing this, not only claims of missing jewels, but taking property that has much more value than the amounts owed, as with any lien, you're only entitled to amounts owed from the damages, not just any amount you can get your hands on.

I would need to get something similar.Since I don't have a regular job where I'm on salary, and I am a business owner, it's pretty tough for me to qualify for financing.

Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)