I'm also pretty handy and feel I can leverage my time to reduce expenses.The commercial condo seems relatively stable in terms of expenses.  

That option fee will be applied to reduce the purchase price. 

In addition to this, the federal reserve has been telegraphing their desire to start reducing their massive $4.5 trillion balance sheet assets of treasury bonds and mortgage backed securities as soon as this year.

Second, you will likely find that a major CapEx item can substantially reduce your returns.

If she lives there for another year she said that will significantly reduce her tax hit.

However, assuming that this correction, going back, would allow him to reduce his taxable income from his Schedule Es and, consequently, taxable income on the 1040s over the years - would he be able to correct those returns on this basis going back that far (he mentioned 14 years)?

Get the president, VP or property management company to help you reduce the balance and extend a payment plan.Just remember if your mother signs a payment plan the board can hold her to it.

Or should they get to live at reduced rent at YOUR house?

I want to expand my network to include those with off market listings to reduce some of the competition.

If your goal is to reduce that self-employment tax to a minimum, an S Corporation is the best entity to use.