It's almost address specific in some cases.

Hi All, First post, long time lurker and I haven't been able to find a post that addresses my situation.My dad owns a 4-plex multifamily worth about 180k. 

When the mailing address is a bank like fifth third or old second for example here by chicago, does that mean the house was foreclosed or what exactly does it mean?

The email was delivered early this morning that doesn't coincide with the message timeframe - thanksgiving has long since passed so it may be a late delivery on Craigslist part.I received the email via craigslist and while the message was specific to their available time - I now have to decide if I want to give my address for viewing of the furniture.Craigslist posts safety links as suggestions for transacting business.

This is something you should address with your lender asap as this issue causes many HUD deals involving loans to fall apart

Where is the best place to find out if this address is in a flood zone.

Changing to S-corp status would most likely make sense at the beginning of the year relative to 2016.Contributions calculations are somewhat different in a sole proprietorship situation as vs once you start taking a w-2 from your corporation - though the amounts end up being pretty similar.Bottom line is that you will want to sit down with both your CPA and a quality plan provider and put together a strategy that will help you maximize the tax efficiency of your business as linked with a Solo 401k.

More insight of the current numbers (considering a 4.5% interest rate for the new loan)House 1Monthly payment(PITI+HOA): $1,700/moPotential rent: $2,300/moCashflow w/o management company and allowance for repairs(house is in great shape): $600/moHouse 2Monthly payment(PITI+HOA): $3,964/mo (if offer is accepted but I believe the case study is valid for any other house)3964-600 (cashflow)-1700(mortgage first house)----------------------$867 I have to come up extra with every month.In this particular house there is also a room with bath that could be rented for about $800/mo (efficiency, as we call it down here).

Another great tool for comps in Denver is renav.com, subscription based but comps are free - scroll to the bottom of the page, enter an address an click comps.

The mailing address and return addresses were handwritten and on the typed letter I signed my name, I think it looks more professional.After 3 days and only 25 name, Ive gotten my first call back and I am going to see the property tomorrow!