Based on the Proposed Treasury Regulations section 1.1402(a)-2(h)(2), there is a strategy that will effectively reduce your self employment tax up to $60,000 - $70,000 with your wife as a limited partner.

I would personally like to pay tax on income instead of getting a deduction- there is also a point that if you make too much the government says you lose the deduction but it could be carried and used another year your incomeIs lower......

I echo what others said about checking out the association, including rules and regulations, reserves, etc.

You must ask about children, sex and age, as to be compliant with HUD regulations.

The tenant has been paying $1000 since spring 2010, so I was going to give them a $100 raise this spring, the rent is not regulated.

You would only be required to pay any county recording fees and government transfer fees if they apply.

They seem to see regulations and laws as restricting their freedom or as nonsense roadblocks.

(My credit was bad due to the Army/Government screwing up medical bill paperwork) so I was trying to help them feel more comfortable and mitigate some risk by paying upfront.

It's funny now I look at a secure tenant as someone with a steady source of government income rather than day job income.

What are the current SEC regulations regarding soliciting funding for projects?