I consider my mission in life to warn others from nightmares of negative cash flow, working a job to keep the 'investment' afloat, collection calls, and Chapter 7. 

If you speaking to a business minded type, allow them to suggest what they would be interested in, Be sensitive to their tax position, I try to suggest that WE speak to their accountant if they have concerns, that's another few chapters dealing with an investor's trusted advisor and it's important that both of you be there, and come to a resolution as walking out without closing the deal only lets them make a phone call later to be talked out of doing the deal.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookA local mentor will not share all the secrets with you because you will be competition.Download BP’s newest book here some good due diligence in Chapter 10.

It is Chapter 28 Part 3 Section 66-28-304 of the Uniform Residential Landlord and Tenant Act.  

Download BP’s newest book here some good due diligence in Chapter 10.

I received a letter in the mail today indicating that my tenants have filed for chapter 13 bankruptcy.

When I read the chapter quotes from the other 'experts' I thought it was satire, but no, they were really toughting this claptrap.

Download BP’s newest book here some good due diligence in Chapter 10.

The IRS has documents, such as:Pub 527 Chapter 5Keep in mind a LLC is a pass-thur entity and has no consequences for taxes, unless you've requested corporation tax status.I believe the bottom line is no, you cannot pay yourself rent.

OK...a few things...Part II of Chapter 83 Florida Landlord-Tenant 1.