I am free of the debt and any taxes for the balance.

You will get reasonable good input if you approach the subject properly.

Then defining who has done what and how balanced or equal the work has been done becomes another mess.

(asset depletion, pledging collateral, cross collateralization, stated income, 12 month bank statements no tax returns, etc etc)I recommend my clients project their business plans out 2 years so they can claim just enough income to qualify for what they intend to acquire and not more depending on a fine balance between income display and tax strategy.

First you need to understand if you are putting some down the loan balance will be below 50k.

Something to note, you need to have the proper range hood to match the appliance.

But many of or much of your core business docs can certainly be used over years of dealings but you do need modifications from time to time.John Chapman is giving good advice, you need to see an accountant starting out, the proper designations for tax purposes is very important. :)

This is how I started and know Brandon Turner is a big fan of this approach of starting out as well.Also a fan of the college town but being you are so far away you would have to hire a property manager to properly manage.

yes we have the right documents in place, as we did when we first started, to show the proper ownership aligned accurately.I think we now feel its best to part our ways as far as ownership is concerned so thank you for the feedback.

One of my tenant's portion of the rent is $7 per month while the housing authority is paying over $1,000 per month directly to my bank account for the balance of the contract rent.