Subject 2 assignmentsOnce you have more knowledge, move on to strategies where you retain and manage properties.

Alternatively, the lender might demand the loan be recast at current market rates, including modified payments to retain the same amortization period and fees for doing so, or the lender may do nothing at all.Now consider an AITD buyer who (obviously) takes title subject to the underlying loan.

If you are not familiar with construction I would definitely advise retaining an architect beyond design and maybe also a owner's rep/construction manager.

@Nicholas Aiola Can you clarify... for your S-Corp's K1, do you retain your profit as ordinary income (Box 1) or distribute everything to yourself (I believe Box 12)?

- "Manager retains the rights following termination to all owner and tenant collection accounts."4) Below is a general list I copied from the internet.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

In other words, if you want to retain profits in the LLC so that you don't have to keep putting new working capital into the LLC, you still owe taxes personally on the retained money.  

If you simply retain a % ownership of the property and let your parents live in the entirety  you're really not accomplishing much. 

I got her out of the property and I retained her security deposit good enough for me!    

Looks good on paper:- owner retains legal title to property -so protected against buyer's default-- buyer pays for property taxes, insurance and maintenance (kinda "triple-net'" on residential)- owner gets down-payment and higher yield, buyer gets non-bank financing -can even be wrapped around existing mortgage so seller can get a margin above original mortgage paymentThat's on paper.