Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.

The books are good for motivation (rah rah) and extremely thin on actual principles and methods to follow through on the hype.

-Vigorously protect our border with Mexico through manned and unmanned methods.

We been getting the run around from this title company for the past 3 weeks saying they have other methods of finding death certificates, but everytime I call (everyday), I get no answers, and no one calls back like they say they will.

See contract excerpt below:4.PURCHASE PRICE AND METHOD OF PAYMENT: The initial agreed purchase price of the Property shall be: ___Two Hundred Two Thousand_______________________ Dollars, (U.S.) ($_202,000__), until the _30th_ day of ___September 20_12__, then shall increase by _ one-quarter_ percent (_0.25%) per calendar month thereafter until the exercising of this Option, to be paid in cash or its equivalent, less a credit of _Zero Dollars ($_0.00________) and an additional credit of _Zero_ Dollars ($00.00) per month credited each month in which Optionee/Buyer pays a monthly payment of __One Thousand Three Hundred _________ Dollars ($__1300__) per month paid in advance on or before the _5th_ day of each and every month, ("Monthly Option Payment").

Is this a sound method when your children go off to college?

In this case, it would depend on how the operating agreement was written, or the preferred method of the managing member.In either situation, as long as the LLC is registered and in good standing in your state, and has legal title to the real estate, then you will have the protection from liability normally provided by corporations.

The method your accountant used (reporting gross rents and showing the management fee as an expense) is exactly right.Did you ask your accountant why he feels that a Form 1099 should be issued?

I know there are different methods in turning over a contract/property to a buyer.

You can normally narrow it down to 1 or 2 lenders who now have the loan using this method.