What are areas to avoid?

That way, even if the tenant or some guest does something stupid, you've got insurance that covers it.I'm all for trying to protect myself and I do take things out to avoid risk - even if they're working fine (garbage disposal).

Jon makes many valid points.I agree, don't supply a washer or dryer...avoid headache.With trash pick up and the back yard...what ever you decide spell it out in a lease.

What is the worst thing....the lender takes the property, they ding your credit, your credit goes south, your insurance premiums go up, all other credit costs you more, you won'y qualify for another mortgage for a few years, and who knows what other collateral damage there could be in your life......best thing is to pay it or sell and get out and avoid the issues. :)

My primary defense though is avoiding the situation as best I can.

The obvious way to avoid imputed interest is for the shareholder to charge the minimum interest rate on all loans made to the S-Corp.

One of the advantages of using the LLC method is that title goes from seller to buyer and you and your wholesale buyer are one, in essence as title only goes from seller to LLC, thus, a second title transfer does not take place avoiding two tittle transfers within a very short period of time.That said, if you buy an REO or SS, and their is a deed restriction, it matters not if you take title in an entity or your name.

. - I'm also a fellow central Kentuckian, living in Shelby County (Saddlebred Capital of the World, so they say).

Avoid a decision based on emotion.

I have been using Ring Central and Google voice for last 2 years.