Comes with all the bells and whistles, including a business domain and website.Local Attorney:An all-inclusive flat rate of $1,500 would cover personalized legal advice, ensuring all my paperwork is in order and potentially helping me avoid legal issues.I'm balancing cost-effectiveness with ensuring I'm setting up my LLC correctly.

I think we can all agree that the potential risks involved are something to consider prior to selling a property using seller finance.  

I would greatly appreciate any tips, recommendations, or cautionary tales you can share based on your own experiences.Specifically, I'm interested in learning about different creative financing methods, potential pitfalls to watch out for, and any legal or financial considerations that I should be aware of before proceeding. 

I see potential in this and was raised in homes like these making it in my wheel house. 

Yeah..ok...And all teachers should have kids first...All doctors should have lots of medical issues before they can practice....All dentists should have lot of dental issues before they can practice...Every waiter should owner a restaurant before they can wait tables....Every car salesman should have bought multiple new cars before selling any....I get your point..... it would be great if every realtor had to have real life home ownership under their belt, so they have that BTDT experience..... but not gonna happen

Any potential future buyer will have the same problem getting financing as you did.

For my senior project, I am researching the ideal marketing strategy for a hypothetical (but could become real) multi-unit Tiny Home STR property in Malibu, CA (with the potential to generate huge cash flow and long-term equity ;)To graduate, I need a guest from a real estate company to sit in on my final presentation (10 minutes) and to provide brief feedback (3-5 minutes) on Tuesday, April 23rd at 3:00 PM PST on Zoom (15 minutes total).

Obviously we need to do some groundwork with the City planning department and potentially zoning.We are approached constantly by developers seeking to purchase the property for them to develop (everything from we want to build homes to help the environment to building condos for our 98 year old grandmother to live in). 

I appreciate that it is hard to get started in life and you are very young, but that does not excuse creating a false impression online to induce potential investors to "connect" with you.

It's designed to prevent taxpayers from deducting passive losses against non-passive income, which often leads to situations like you've described.Your concern about potential double taxation on the $2,000 net income is valid.