Typically when you're young you can't afford an expensive policy so it's wise to at least get term insurance, but when you get term insurance I've learned that it's best to make sure it's convertible to a life insurance policy with a cash value component.

However in my area the multiple list does not list the majority of rentals.

A system of either internal audit (frowned upon but legal) or a contract with a qualified third party audit firm to audit the successes and failures of your compliance management system.Achieving this is not difficult nor does it have to be expensive in relation to the size of your operation, but to operate without it opens one up to major fines and prison sentences.

But really if all you do is make sure you answer your phone or call someone back within an hour 100% of the time you'll be superior than the majority of your competition.

I would try to sell it if you can recoup your original cost if possible. otherwise you will be losing money and spending time on dealing with tenants on a rental with dubious results when you could be free of that burden (are you expecting major appreciation in the area?

Thanks to our marketing plan, we have completed 3 deals with this investor in 2 weeks.A rent to own - we kept a majority of the down paymentJust moved a renter into a property he owned with a deposit (this was our first deal actually)And one more rent to own - we kept %40 of the down payment.

We have a very high majority of renters and we have a severe house shortage, Geneva population has a growth of 8% for the last 5 years with only a 3% growth of the houses number, it's a political issue since most construction projet in Switzerland are approved in 2-3 month when in Geneva it's 2-3 years....

But, the vast majority of folks out there are responsible, competent, law abiding Americans.

But according to Scorp IRS rules distributions need to be split up according to capital contribution (shares) in the business (75%/25%).In your example if the majority partner wanted to keep his 50/50 ordinary income to distribution split, the minority partner would be forced to take 41.67K salary 8.33K distribution.

I'm going to do a va loan on my 2nd purchase... where I really need to make it count since that will be the one that ultimately brings in the major cash flow and I'll want the best rates etc.Thanks again for the input though.