I am looking for a few recommendations for lawyers and realtors in good affordable cities close to or along the Mediterranean.

Hi Steve,I am certianly no expert but I believe the P&S agreement on a Sub 2 is not necessarily entirely different to a standard P&S agreement but I have seen Sub 2 versions to have verbiage such as the excerpt in the sample below, in addition to all the other standard clauses/ sections - as with anything, I would suggest you run this past your attorney to confirm it works in your state/ for your needs.

im new to rental property investment.. we own our home with approx. 65,000 in equity and would like to use some of it to buy our first rental property here in the states ( we have on STR in Dominican Republic).

It explicitly stated that the guarantor would be non-recourse to the loan, "except for standard Freddie Mac recourse carve-outs."

So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.

I do have to pay state and federal taxes. 

City may cause issues with it, up to them.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

We are working on one now in the tri-state area at 70% loan to value with strong credit.  

I got my real estate license per my state's requirement to do notes.