I would agree that Cummins operating as the main power plant for Columbus's employment could be an issue bit you must take into account their community buy in. 

Account Closed what is Subject To?

Since you would be vulnerable to property management schemes as well. 3) With regards to what entity you would need; Ask your accountant.

You can bring the account current by paying off the outstanding balance.If you're looking to do a cash-out refinance in order to pay off your siblings, I'd connect with your attorney and a local lender to ask how you can facilitate this. 

If your only raising rents 3-5% then a small lifestyle change on your tenants part (cable, pets, vices) could likely account for the increase. 

Originally posted by Account Closed:@Aaron Klatt I understand there is potential liability; however, I am not asking for legal advice.

Account Closed I would take that 30K and use a hard money loan to flip a house take the profits and invest in a rental property, what is left over goes back into the "flipping fund".

So like mentioned above get a tax lawyer or a tax accountant and ask a few questions.

Take into account RE taxes, Mortgage interest, charitable donations, large medical expenses, ect...compare it against 2017's total.If you took a look against the rental but used the proceeds for personal use- IE to pay off your personal residence the interest would not be deductible as a business expense. 

Account Closed absolutely not.