How is the tenant going to know that it isn't your crazy uncle or your sister-in-law that you've sent their way to give you a glowing review?

You will have some maintenance issues with the Corp and LLC and some can be limited with a good by-laws/operating agreement.

Yes, and they may want you on the deed anyway depending on your state laws.

Lisa,I'll write more later when I'm not on my iPad, but ERISA laws allow for situations where employees of a company maintain significant ownership (sometimes full ownership) of the company via retirement assets.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Community property laws have nothing to do with your loan, it's your marital interest in the property, if you are not on the note it is not your obligation.

Also how hard would it be to get renters out of the home if I where to buy it.There is Federal law that covers Tenants at Foreclosure, and what the Tenants' rights are after the foreclosure.

It is important to know your local laws!

My brother in law is also looking to get back in - although he and I tend to differ on the home condition and tenant interaction so I'm not sure how much use my help will be for him.I don't expect anything from these people.

By law, Officers and Directors, employees and volunteers may not be held personally liable for their actions except for intentional acts.