I arranged with him to pay weekly but he still couldn't keep up. 

I suspect the AG ruling may prohibit such an arrangement but my point is, Oceanpointe may continue operations with a truly licnesed broker running the show, in official capacity only.  

I will pull the trigger somewhere out of state.It sounds like you are looking for very similar type of arrangement as me...

Is my newly formed Property Management Company that provides furnished long term housing for individuals who seek a cooperative living arrangements a Real Property Trade or Business?  

The split is different, however, when you sell the property, where the managing member gets a larger split, perhaps as much as 50% of the cash proceeds.This sort of arrangement conveys an important message to the equity investors.

Terms of the lease or even going over it can be before the application if circumstances warrant with any lease term issue that's surfaces.I'd read the statute carefully and see what the requirement is as to timing of disclosures and arrange my process to comply to the letter yet keeping the qualification guidelines held close to the chest as long as possible reducing the time an applicant could review them and manipulate information.So long as your guidelines are written so that leeway to ratios can be applied with some clarification I'd think that is great.My example at the lower end certainly applies but we can also consider higher income tenants.

Hi Shaun,It will just come down to the arrangement you have with the investor.I have had numerous people wire funds into my business account when I was doing JV deals.They can also wire funds into a nominated attorneys trust account or if they are buying a property it would go into the title companies trust.Just depends.You might run into with issues when completing the wire.

A word of caution though, the PHA will likely take a dim view of such an arrangement if they find out, so make sure everyone is on the same page. #4 File an appeal.

You are an active participant in a rental real estate activity if you and/or your spouse owned at least 10% of the rental property and you made management decisions or arranged for others to provide services.

Judges have been known to disregard LLCs simply because a third party guarantor is involved in a financing arrangement.