The main one being your corporate structure.If you are planning on flipping houses, it's always good to first consult with a qualified accountant and lawyer who is knowledgeable in real estate.

In some thread someone suggested that a bank wouldn't necessarily check up on your activities or intentions.

I don't have the link handy, but search their website and you will know pretty much what you can expect (it's mainly dependent on area and # of bedrooms).Another thing that Zeke covered... some tenants have more of their rent paid by section 8 than others.

Now the landlord has moved back to town and has purchased a house on the opposite side of the city with no intention of wanting to continue to own this house.

One of the main benefits of buying Real Estate is the future appreciation and equity.

Ask the receptionist when you call their main line and you should be set.

I do alot of wholesales and rehabs.I work with one main agent and we knock stuff out.

Here is the part that gets me excited.....The main house rents for 500 a month and the guest house rents for 350 a month!

This strategy would only exclude any capital gain up to the $250/$500K limitation and any depreciation recapture would be recognized. 1031 Exchange into Rental Property and then to Primary ResidenceAn investor owns rental property that he/she sells and 1031 exchanges into other rental property and after renting the newly acquired rental property for 12 to 18 months (in order to demonstate intent to hold for investment) converts it to his/her primary residence by moving into it and lives in it for 24 months (minimum, in order to satisfy the 121 exclusion requirements of living in it as a primary residence for 24 months out of the last 60 months).

The house is 1/4 mile from the main drag in town.