Use the association fees for the attorney - it is association business.I wouldn't think the owners having tenants or relatives living at the house is anyone's business - again - unless it's in YOUR bylaws.You could run down and get a restraining order against all parties.

Factor in government promises such as social security, etc and the big picture does not look good.

c) Exceptions The term ''personal holding company'' as defined in subsection (a) does not include - (1) a corporation exempt from tax under subchapter F (sec. 501 and following); (2) a bank as defined in section 581, or a domestic building and loan association within the meaning of section 7701(a)(19); (3) a life insurance company; (4) a surety company; (5) a foreign corporation, (6) a lending or finance company if - (A) 60 percent or more of its ordinary gross income (as defined in section 543(b)(1)) is derived directly from the active and regular conduct of a lending or finance business; (B) the personal holding company income for the taxable year (computed without regard to income described in subsection (d)(3) and income derived directly from the active and regular conduct of a lending or finance business, and computed by including as personal holding company income the entire amount of the gross income from rents, royalties, produced film rents, and compensation for use of corporate property by shareholders) is not more than 20 percent of the ordinary gross income; (C) the sum of the deductions which are directly allocable to the active and regular conduct of its lending or finance business equals or exceeds the sum of - (i) 15 percent of so much of the ordinary gross income derived therefrom as does not exceed $500,000, plus (ii) 5 percent of so much of the ordinary gross income derived therefrom as exceeds $500,000; and (D) the loans to a person who is a shareholder in such company during the taxable year by or for whom 10 percent or more in value of its outstanding stock is owned directly or indirectly (including, in the case of an individual, stock owned by members of his family as defined in section 544(a)(2)), outstanding at any time during such year do not exceed $5,000 in principal amount;"End quoteMy first followup question:It's my understanding that I need not be concerned about the impact of the Safe Act and licensing requirements if I'm using just my money to loan to others, and that I have a broker creating the loan documents.

"If" this was the scenario, and you purchase at $174,000, associated costs of $42,000 put you at $216,000, with a sale price of $263,000 you still gross about $45,000...This is just one approach though....Best of Luck!

If the deceased owner is still on title (you can check county records for last deed associated either that owner/property), someone with the power to transfer on behalf of the estate must do so using the appropriate LA documentation.

My wife and associate @Christopher Coleman work from the river market location.

An abusive tenant is always fun.Emotional problems associated with the property such as divorce or death (inheritance).Did I miss anything?

You can create a company profile and associate your personal account with it.Your personal profile needs to use a personal avatar.

I agree with @Aaron AlyeaThink of the costs associated with bringing in a plumber.

I am a 24 year old with an associates degree in accounting in Washington State.