A multi-member LLC is treated as a partnership.

you're correct Dina Harleth ..in my multifamilies, i always paid for exterminating service a few times a year..single families i treat differently..i pay for a spray before they move in, and then once a year after that..if they have any problems, it's up to them after that...here's the risk though...even if the tenants are to blame, and technically 'responsible', what happens when they get pissed and move?

:Typically I have 1 rehab going at a time and I only like to hold them until the IRS won't tax me for income.If your intention is to rehab and resell, and if you're not renting them out for any period of time, the IRS is going to treat the property as inventory and you'll be on the hook for ordinary income taxes at your marginal rate.

You have no idea how your tenant will treat them.

Win-WinIf they can not close on the purchase, I still get my monthly cash flow, I still get my write offs, and I have tenants who want to own the place and treat it like their own.

My CPA then informed me that he could file differently and have my LLC treated as a corp so I wouldn't have to pay this gross receipts tax.

They will not reduce 1 penny, or treat the mold.I walked.

One of the advantages to the margin loan is the rate is low, it is treated as an interest only loan (i.e., lower monthly payments) and requires no down payment.

You can say you are looking for a mature, responsible professional roommate, or you can say you are a clean professional yourself (which may attract similar personalities).As far as fair housing issues, roommate situations are treated differently than renting someone an apartment.

The house was built in 2003, treated for termites in 2010, the inspector noted new termite activity and said he didn't see any damage, but would recommend termite treatment and contract for annual checks and necessary treatment.Both the agent and I know I got a great deal on this house, similar floor plan and square footage house in the community was just sold for 25% more of what i got this house under contract for.