In terms of other activities, you should make sure to line up the inspection, title, escrow and insurance company ahead of time.

Work with a good property management company who will get co-signers from parents (parents are typically paying rents) and be flexible around subleasing, especially during summer periods because students go home and do not always stay for summer time; this can still be a 12 month lease.

It’s like the automatic debit method that some bill companies do.

You don't need an attorney, down here we usually use title companies to transact the deal.

@Clint Thezan  We  (Rent Branson Vacation rental property management company along side the buyer) have had success this past year in gaining permits from the county to allow an SFH conduct nightly rentals.   

neither the real state attorney hired to create the LLC nor the CPA mentioned anything about tax implications when the company was created, I feel the 'experts' I paid for this services let me down.any recommendations, or options to minimize the amount of money owed?

But he gave me a phone # which I traced back to Xplicit Home Loans and someone called Hughes Reid.I got suspicious when he said they did not need to do an appraisal and could close in a deal worth $2M in 4 days!

I had the Property Management company start the process and they went through a so called mitigation.

Make sure you get a home that is gold-fortified as it can cut insurance costs almost in half.I'd be happy to discuss more of my experiences growing up by the beach over the phone if you would like.

Since they both will own the Holding Company, it will technically remain the same "taxpayers."