Gets 15 years of a note for a relative small sum.10) Federal Government and State government (not Texas)- Federal government gets taxes from Grant, the wholesaler, the investor (if there is one), and closing attorney.

I know plenty of start ups that open their C-Corps in Delaware because of the laws governing public companies.

And it didn't hurt at all that he and I had pretty much the same basic world-view on business, the economy, politics, and government.

The Treasury Regulations merely require that you have the intent to hold.

I'm not sure w/ the dodd frank regulations about this now.

With the way the government is going, I'm not sure if I'd trust them to support me when I retire!

Well I didn't want that type of use, as it would have gotten away from the Country Inn feel I wanted with the regulations required.

This is specific to this market, each county will have its own rules and regulations.

In your position I think YOU should check zoning regulations and see if its even allowed.Did this conversation happen before or after the lease was signed:Tenant casually asked me if I did not mind if she took care of some of her friends kids to make some extra money.

@Gautam Venkatesan It depends on what regulation is being followed by the portals, 506(b) or 506(c).