Hiroko Yoshi,Yes, any regular entity or non-profit entity should be formed before any purchase is made to keep a clear record of where the property is recorded to.Bill Gulley.You are right it certainly is a grey area.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.

Never looked for s8 but had a great tenant moving out that referred me to a lady as a potential tenant.

Always check references and go by some of the references to check out there work if possible.

Since it would be unlikely that could happen, it would either be no deal or you can try to refer them to a realtor/short sale expert.

I would need to get something similar.Since I don't have a regular job where I'm on salary, and I am a business owner, it's pretty tough for me to qualify for financing.

Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)

Steve Job's lived in a modest house, in a regular neighborhood -- no gates or anything.

Landlords regularly discriminate based on income, criminal background, previous evictions etc.