Basically, it would take a PG and a UCC-1 against the entity (that holds title and collects the rents) specifically naming the income as collateral in lieu of the property.

Basically, you're going to find that title companies want to see documents between the actual buyer and the actual seller, so a middleman such as yourself has to be careful.

My guy is that, if you're unclear on some of these basic rules, you're probably not be overly aggressive in your tax savings -- a good tax guy *will* save you more than he costs you.

This does *NOT* include debt service.A lot of times here on BP, we talk about "the 50% rule," which is basically just shorthand for assuming all expenses will come in around 50% of gross rents.

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

Basically, control the deal.

If in your will you bequeath the property to your wife then she will basically step in to your shoes and be co-tenants with your partner.

The last company I used basically used a generic word doc and it wasn't a very helpful reference.

Rich...Florida is also ground zero for a massive over supply of condos.

HARP 2 is basically unlimited unless there are bank overlays.