The property is a 2 story, newer model (2006) home with no playground equipment, lead based paint, etc.Regards,Jerry

I know of many high end properties owners who have not paid the mortgage for years, but the children are attending private schools, riding their horses, have ski passes and are going on expensive vacations a few times a year.In some of the middle class areas we see 5 cars in the driveway on weekdays, and most of them are not older models.

Mitch, my accountant recommended the LLC based on our business model, with the option of converting to an S-corp down the road based on how things go.

All the homes in here are mostly early 70's models and 2/1's.

Our cost was around 41k with all repairs and upgrades (many of which were simply spending more money than was needed to make the computer model "say" we would save 50% on energy and thus get half our money back!

Fundamentally, the business model had flaws though and we didn't have enough cash to sustain our lifestyle and work through the flaws to make it viable long term.

There is definitley no right or wrong answer to this of course but I think there are a few rules of thumb I would apply:1) Keep it professional2) Do not relate it to flipping...this can have a negative stigma to some people and you may change your business model over time3) Check with registered businesses in the state you open your business in to make sure you do not pick a name that can get confused with another business

I used the model lease agreement provided by BP which covered everything.

My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.We had a one-year lease for the first year only after which time we never renewed and as such have been month-to-month tenants for over 24 years.Now our landlord wishes to sell the house and evict us, and it's causing stress and anxiety every day.I am here for information to learn if our landlord:1) must by law sell it to someone who will continue to rent to us; or2) will be able to force us out; or3) if this is a case that could go either way.New Jersey law states that one cause for an eviction action is when "the owner of a house or building with three or fewer apartments wants to move in or is selling the house or building to a buyer who wants to move in."

The model works but it's usually a hassle to deal with that income bracket.