Good Morning BP Nation,Hope everyone is off to a fast start on this beautiful Monday morning (at least it is here in Charlotte NC).

It's just the nature of learning the business.

That's just the nature of rural communities.

I looked online at tiny backyards and discovered there are hundreds of other ways to make beautiful tiny back yards, but they all look like a pricey designer was involved.  

Real estate is, by its very nature, creative, inventive. 

Naturally a property owner has a legitimate need to know if a prospective can afford the rental price and has the means to pay.  

The current assessed value of the former building is ~$4 million; the assessed value of the property you seem to be looking at is $1.3 million.Don't get me wrong, this is a beautiful building in a historic location, I would just be extra sure to make sure the math and the comparables work out in your favor.  

It depends on the nature of the code violations.

Hello Deep Pockets, what you will come to find out about me is I am a great listener, avid student,can think on my toes,love nature,am enthused about Christianity.My big dream is to own a hotel or motel and have a fellowship center on the property where meals are prepared, trips planned, and bible reading integrated into the business.

Talk to your dad about it, but I think he will agree that owning long term investments in a C-Corp is generally not a great idea because the income generally loses its nature as investment income and its (usually) lower tax rates.In an S-Corp, you don't avoid all FICA taxes.