Unfortunately, these situations are very likely to not work out and then you're stuck.

Though even those things are routinely removed when the house is a short sale.

Connect with a real estate agent in your area and work out a deal: Every wholesale lead where the seller wants too much you will refer to the agent for the listing.

The two of you will need to work out some split for your half of the profit to compensate him.

But it is only a rule of thumb you have to work out your real numbers and see what works for you.

The company should be capable of conducting minor repairs and routine maintenance.

In theory we could offer to take over the mortgage, take out a new one subject to their terms, pay their payments for them, or some other form of creative financing, but we're simply not sure what's legal and what would actually work out.

No, you wouldn’t need a real estate license to work out lease options with prospective sellers or buyers.

If that's the case, there's no savings.On the other hand, if your CPA said that you should be pro-rating that income based on actual time the business was operating, and said -- STRICTLY AS AN EXAMPLE -- that 40% of that income was to be paid as salary and the rest as dividend, then you would have a small savings on that 60% distributed as dividend.Specifically, I believe self-employment tax for 2011 was 13.3% (up to a $106,800K limit on 10.4% of that), so the numbers work out like this:1.

Realistically, you'll have some vacancy, some make ready expense, lease up fees (often charged by the PM in addition to the monthly charges), and some routine maintenance.