Thank you Bettina F. Its

So, he's not involved in the foreclosure at all.  

It is illegal, doing so involves civil penalties.

The elderly woman is now in assisted living, so two properties are involved.

Fwiw, one of the reasons REI has been such a good fit for me is that I am an avid traveler and passionate about cities/urban planning.

Even if you do not address the item immediately, at least you know what you are facing and any expenses involved. 

An LLC may be the perfect route for one person while an S-Corp may be perfect for another.While on the surface, both are doing the same type of business, the facts and circumstances regarding their financial and tax goals, their other sources of income, their tolerance for regulation, their family status and their retirement goals may be vastly different, which would affect the type of entity that works best for them.Taxes are not a cookie cutter, one-size-fits-all topic.

@Victor Mondragon yeah, unfortunately there is always some type of costs involved. 

Hi BP members,I am a newbie from Baltimore, MD and am very interested in getting involved in Real estate.

And for FHA, that's one-size-fits-all no matter your FICO score.The real formula, for FHA MIP which is not technically PMI even though lots of industry insiders even make that mistake, is a little more convoluted.