But currently the banks have really put themselves in a once in a lifetime situation. 40 percent of homes are owned outright and another 50 percent are low intrest only the homes purchased or built after 2021 do the banks have anything control.

What I am unsure about is if the whole 60-40 rule around payroll deduction vs owner distributions within an S-Corp can still apply in this situation if the filing entity will only be the S-Corp but the payments are made out of LLC #1, the disregarded entity owned wholly by the S-Corp.

Be prepared to solve the parking situation for your guests if the home doesn’t have it.How tight are the neighbors?

You can get top dollar likely, but it still needs to be reasonable and comparable. if it’s a declining town with not many attractions or amenities, then it’s likely there’s no rentals available because nobody wants to live there. mot sounds like you may be describing more situation #1, in which case it’s a ripe opportunity if you can get a deal on a property

Without knowing the situation I believe she is just unaware of the true cost of the WC.

Looks like I will need to start with a smaller lot & build a single duplex instead of a larger lot and building multiple townhouses.

Our home is situated within a gated and secure development that is a short 25 minute walk to the center of SMA, the heart of the city.

Wholesale Deal under contract in Bryan ,txit is a vacant trailer on a lot both owned by the Ownerunder contract for 55k needs 10k to repair get it rented outall together 65k to get the property and get it operational investor next door door similar situation got the trailer and lot for 64k repairs included.

Updated to my current situation.

Thank you all for your help.This is a great forum.I'm sure I'm not the only person in this situation; and equally confident there is plenty of incorrect information and confusion about this out there.Thank you again!