Are you too small to even think about changing a sole proprietorship into an S corp? 

Do you have another source of income along with this 10K?

Plus, it seems like BP is going to be a great source of education and networking.We do have one rental property as a result of buying another primary residence a couple years back.

The owner will continue to solely pay the mortgage for the first 12 months, from 13-24th month I will pay 50% of mortgage.

That has been a huge source of my learning.

That set up sounds great for a second rental source. 

There are more selection in terms of larger custom homes at lower areal cost ($/sf) than Silicon Valley.Morgan Hill $837,500 +25.9% 40Gilroy $657,000 +18.9% 80 Contact me for direct link to each neighborhood sources.

I'd say the biggest takeaway is that you can never ask too many questions and always double check the seller's answers against other sources.  

Drop me a message and I'll give you a few sources...

These are bonds that are posted in order to offset certain risks associated with persons in fiduciary roles where the level of risk of misappropriation might be higher than that of an executor named in a Decedent's will who is a sole heir.