Once they've submitted an application, I do put prospective residents in touch with already-accepted residents so they can decide if they'd be a good fit.

There is a caveat to this: if the company employs 5 full time staff positions during the year {not necessarily all staff for the full year}, then the income will be classified as "active" and the CCPC tax rate will be applicable.

I've bought numerous residential properties through the county sheriff's auction, where they'll occasionally have a commercial property go through, but this building isn't scheduled to go through the sheriff's auction anytime soon and we know that it is being auctioned off within the next week.My question is,where would you look to find out where and when this auction will be?

She says that she has also talked to lawyers about filing for bankruptcy but that it is not applicable to the this particular probate situation?

I also have Hispanic applicants and I don't speak Spanish, What I have found is that the Spanish-only speakers will have a person accompany them who will do the translation; sometimes an adult family member, sometimes it is even a minor family member, sometimes it is somebody unrelated.

Found a good applicant with a 750 credit score and moved him in at $650 per month.

Meaning the loan would stand a high chance of defaulting at the end of 5 years.I would imagine that numerous people have looked at the property, possibly secured an option to buy and weren't able to secure financing.

I have also stipulated that we will require information on each of the residents, so we may run our reports as we would on a regular applicant.

Yes, to count rental income on a mortgage application you need 2 years of tax returns with the income on there.

Appraisers do consider listed unsold properties in looking at market conditions, that is valid, but it's not valid to put a numeric value in the mix in valuing a subject property.