Mom and pop not even a Taco Bell concept just Joe's Taco'sSome states are no income tax.Those states mentioned have some good drivers but also Florida, Georgia, and many others in warm belt states are doing well in many areas.

Before I start to answer I feel it necessary to briefly explain about our business concept.

The inspector noted that the bathroom floor is off-level and feels squishy, and recommended immediate remediation (new subfloor, etc).The problem is that the tenant in place just resigned and will be there until next March, so now I'm wondering what I can legally do.

<<<--- that is backwards, IMO.The best way I can think of to simplify the concept is to add the word advantage in the middle.  

@Shane Woods Love this concept.  

@Chiquita Mcgill   here is reality.if you want to buy into cash flow properties. you can do it 3 ways.. both require YOU to have cash.Or a cash partner if you do not have cash.1. pay cash then refi and pull cash out and do it again.. commonalty called the BRRR method which I was doing 20 years ago.. by the way.. although some on this site think its a new concepts :) then this requires you to have very good credit and income that you can prove so you can indeed refi .. don't pay cash for something without having your refi set up ahead of time.2. you have excellent credit , income you can prove and 20 to 30% down generally.. sometimes as low as 15% for very qualified borrowers.. and you buy your rental .3.

I'm still learning about notes in general and the concept of bankruptcy just came up.

We're clueless about concept of cost basis or tax implications, so $20k isn't paid out in escrow.

Sounds like an interesting concept, and a good way for a student to get their foot in the door.The compensation sounds very appealing, considering that it’s a student/mentor type of role.Overall, it sounds appealing and straight forward.

Do any of my BP colleagues have experience or more info on a concept that I will refer to as equity loans with equity partners?