One is a cuz that us a Pilot instructor, haven't talked with hm in years so I'm not sure what or where he is or what he is flying , pretty sure he is flying the F22 Raptor or at least he was, he might be flying a few differant planes seeing how he us a instructor?

I instructed him that he could not require the borrower to spend that money purchasing the property.

That instructs the closing agent to apply the authorized commission amount as a buyer credit, rather than cutting a check to you personally.

We put a 5 unit property under contract, did our inspection and requested the wire instructions.

On form 1065 Schedule B, the instructions state that you do NOT need to complete schedules L, M-1, or Item L on Schedule K-1 if you satisfy all four conditions of Line 6, which is true for us.

Anything else, including IRS instructions and online articles, is not.I suspect one of these individuals will not be able to pro-offer anything authoritative for his/her position...Good luck.

Fun fact about me: I was a snowboarding instructor

When I first got started in this business I wanted to do the same thing but I was instructed not to for the reasons mentioned above.

However, sometimes they haven't established a value, and will just instruct the trustee to bid the amount owed, and they'll figure it out later after they get it back.

You can then open a bank account using the fictitious name and instruct your tenants to pay rent to that business instead of your personal name.