It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.

Once you're satisfied that your goal HAS been met - then your MAXIMUM cash flow will be yours to spend spend spend!

Once you go over your entitlement, you would have to pay 25% of the difference between the amount requested by you and your remaining entitlement.

I did get a copy of the 90-day notice that they sent to the renter a month ago but after speaking with the renter, it seems like the owner did not notify SEC 8 with the same notice.At this point, after all the advice you guys have given, I feel like the best bet might be to get both the renter and section 8 to honor the original 90 day notice and forego trying to collect the remaining 2 months' of rent. 

So, what happens if I move in, pay myself a rent, to keep it "productive" then report as an income to satisfy the IRS?

So before we draft the agreements and head down to a lawyer, I'd like to run it by experienced folks in this forum.My take is that partner provides the sweat equity, and I provide the real estate; ie, free use of the house as a facility, but ownership and major maintenance remains mine. 

For the remaining 209k, they have given three options, based on 4.0 Prime Rate today:1.     7% (prime plus 3), for 60 months, 20 yr amortization. 5 yr balloon.

Code Title 12, Chapter 13, Section 1701j-3 limits a lender from accelerating a note when there is a transfer to an inter vivos trust in which the borrower is and remains a beneficiary… I forgot to mention, a land trust is an inter vivos trust.Once the transfer is complete, your property will be titled in the name of your trust.

By the closing date of either Contract, there should be NO "contingency" remaining, right? 

Do I need to alter the stock/bond ratio of the remaining portfolio as a result of adding real estate to the mix?