The debt release amount will be considered money recieved by them and they will have to repay the govt or lose some current benifet.

Nephets,You already own them and they are not losing money as a group, so I would just keep them.

Too many people switch their focus and end up messing up two ventures, the one they know and the one they expanded into.

Something that they will lose if they fail to keep up with the payment.

When you run your first full page advertisement in the Sunday newspaper at a cost of 11,000, your heart will lose a couple beats I am sure.

I buy every house for cash, I don't mess around with double escrows and unless its a particularly huge sub-division or something like that, its all self funded.There are a couple of things I wil NEVER do during a shortsale:1) Charge an up front fee (or any fee)2) Deed the title of the house into my name or another LLC (unless the circumstances deem it, but I would really rather not get into that publicly, and its only in the interest of the client)3) Lease back a home to someone who is losing it (another predatory Habit that lawyers aren't fond of).

What I'm trying to get at is, what is the best way to profit from the property without losing $$$ to the taxman?

I am trying to recover from losing my rei company.

His system is based around getting lines of credit, credit cards, to fund business ventures.

What have they got to lose?