Thanks in advance and I look forward to working and communicating with all of you.

As I was signing documents, I asked for clarification, and my realtor said something to the effect that they had gotten around this via my downpayment deposits held by my realtor. 

He talks about how important it is for entrepreneurs to have the feedback from profit and loss to effectively and efficiently allocate their efforts and resources. 

The problem is that CFPB has effectively banned reasonable balloon payments to borrower-occupants, even on land contracts.

Their forte is setting up these LLCs and charging for their services.You can probably set up the LLC more cost effectively yourself, using your own attorney if needed.  

hey guys i found this very motivated seller hes looking to sell me his two bedroom two bath family home for 15k$  He originally bought the proporty 4 years ago for 32k$ cash and has put 12k$ into the property the problem is ive just recently become serious about paying off personal debts and its effecting my credit the banks wont lend me a line of credit for 20k$ (5k$ incase of repairs)  and morgages are 25k$+. what should i do?

Once you have rehabbed it (cost effectively) and rented it out for say six months, a NEW appraisal should come in at least 40% more than you owe on it, which means that your Lender should approve a cash-out of 20-25% of it's new value ie. enough for a DEPOSIT on your next property purchase (and so on)...Others may have a clearer or more correct explanation.

I have contacted my old contractors who we used when he started and they like the guy, but said he just stopped communicating with them and jobs they thought they were doing were given to other contractors.

My question is; How does living in the flip effect the tax end of this?

I know that will effect us negatively...but still would like to hear opinions since she has not paid mortgage since 07 and they have not been able to foreclose on her.