After talking to some, I find that they often don't want to commit to longer stays until they've been there and decided if they like it so having the ability to rent month to month gives them the security to try it out.

Hello, I purchased a piece of vacant land in LA county through tax sale.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

You cannot simply close with buyer (like all gurus say) then turn around and pay seller then transfer title to buyer- That is ILEGAL A way around this in case you cannot get transactional funding - Have your closing attorney draw up a Promissory not in submission to the buyer in which you will secure your equitable interest within the contract to the buyer...

So, with much larger purchase prices giving him and the beneficiaries of his trust when he passes more money from the property in the end as well as a low or no down payment situation mitigating the capital gains tax he's responsible for, he is understanding the direction we have to go in order for this to be a deal for both him and I. 

Your greatest challenge is going to be running this management company without the appearance of co-mingling all of the LLCs together.Bear in mind that one of the things that you'll be doing here is converting Passive Income to Earned Income via the Mgmt Company and that will be subject to self employment tax whereas had you left everything in the property LLCs, you'd have only passive income. 

My tax lady said it’ll be considered a loss and not to worry about it.

Basically trying to get the most tax benefits and protection as possible.

Private lending is passive but in terms of taxes "ordinary income" and you cannot cancel out with passive losses that you get when you are an equity holder of real estate. 

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