Many operated without an agreement and proper documentation.

If it turns out that combining households is the proper way to go, let that fall out of the evaluations.

After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-through shareholder income.Perusing the IRS information, they state:The instructions to the Form 1120S, U.S.

It's important to properly analyze all of your expenses prior to buying so you don't get yourself into a bad investment.

After thought: Realizing that my income and ability to pay off mortgages increases as each home reaches a zero balance.

The way I see it, if I can just gather the info and plan properly I can minimize the risk of heavy loss, mistakes.Jennifer Lee yes I am excited about planing for the vacation home, and your right, having a good property manager will make owning the rental much easier.

It is the listing agent's job to schedule with the tenants and to make sure that the tenants are properly notified that the showing will be taking place and when.

Based on the following, $30k note(balance) with 8% on a 10 year note.

Let's say you can find a lender to do 90% CLTV (might be possible with owner occupied).0.9 x 270K = 243KSo 243K is the total loan balance you would be permitted; subtract the principal balance of your primary loan from that 243K and you'll get your potential equity amount.Don't know about seasoning ...

Also, what are some resources that I can use to do a proper screening of the tenant?