But according to Scorp IRS rules distributions need to be split up according to capital contribution (shares) in the business (75%/25%).In your example if the majority partner wanted to keep his 50/50 ordinary income to distribution split, the minority partner would be forced to take 41.67K salary 8.33K distribution.

I'm going to do a va loan on my 2nd purchase... where I really need to make it count since that will be the one that ultimately brings in the major cash flow and I'll want the best rates etc.Thanks again for the input though.

I have two questions:1) Is there a place where section 8 rental voucher amounts for all major MSAs throughout the country are already aggregated, or would I have to search for this information on all of the individual MSA housing authority websites.2) Is there a place that has aggregated data on median prices for homes with different bed/bath counts for all major MSAs throughout the country?

An additional garage I would think would be a major bonus to a tenant, especially someone who liked to tinker on cars or maybe had an old classic.Our tenants inquired about renting ours, apparently they were renting a storage unit in town, but we were already set in a plan.

I know I'm getting jumped on by some, so let me add, there are some very good folks in mobile homes, they have the money to drive new cars, take care of the place and are neat as a pin, but that's not the majority view.A million dollar mobile home spot is not from the value of the home but the location.

Overall the building is in great shape, with the only major maintenance issue that I can see is that the roof looks at least half way through its life.It's listed for $49,500 but has been on the market over a year likely due to comps.

When I went to resale a year or two or three down the road, it's likely I'd need to do another major rehab, which is likely to cost more than the cash flow I've achieved in that time.

During construction they encountered a half a million dollar hickup because the earthwork contractor encountered major difficulties.

I have a busy, demanding job as a paralegal w/a major corporation and a very long commute.

Attorney fees and appraisal fees usually outpace tax savings unless several years of taxes on a major assessment are at stake.