Elected officials could eliminate HUD, then no investors would get governemnt subsidized loans.

This is not Rents or Royalties.You can elect to file as an S-corp; however, once your business is making enough to support itself; you will be able to pay yourself a reasonable salary.

I meant a buyer wouldn't go for that.

Other things being equal, if your business generates earned income (as with rehabs or wholesaling) you most likely would elect S-Corporate status.

We actually looked at doing the event there before electing to go with the Hyatt CC.

How do I absolve the contract cleanly if the occupants are willing to absolve and move out rather that electing to meet me for court?

George, I take it that your LLC is single-member and has NOT made a corporate election, right?

Jon Klaus Specifically she said South Austin and I think she meant 78745... and yes it is crazy!

There must be some political motivation here - I guess anything's possible in an election year.

Again, not saying this is the reason you do it, but thisms a common theme among many of the investors I know who prefer T&M contracts.Btw, If an emergency like you mentioned happened on one of my fixed priced jobs, my contractors would take care of the emergency first (even if it meant calling one of my contractors on their crew) and get the issue fixed.