It also affects what our proceeds were for that year , so we likely have to file and amended return.Can there be an arguement of fraud in this type of situation 

In January of 2014 he filed an annual report and paid his annual fees.

As long as it is a single member LLC you can just file it as a part of your personal taxesAll the best!

Purchased a first lien note with a principal balance of $400,000 for $350,000, and a second lien note with a principal balance of $250,000 for $50,000.  

A number of articles have been written about this specific case, and there was a second class action, two years after that.You can always pull up the working relationship between the names of the principals (in their website) of WWC, and the person Mr Baines states in his article.

In my county, we had to file an actual paper request with the caseworker every year for each unit. 

This means that the principal balance of your loan is 78% of the original value of your home.

The property owners IN MASS burnt down their properties, which, since they did not file insurance claims was actually the only LEGAL way to free themselves of the continuing negative cash flow of these buildings.  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

If anything, split your payments in 1/2 and pay twice a month, and/or pay more towards your principal whenever you feel like it.