To verify the feasibility, I'd request examples of previous projects from that GC along with their start and completion dates to compare against your own research.

I'm assuming I am supposed to 1099 an owner for the gross amount I receive on their behalf not the actually net amount I pay them, correct?

She actually showed up for the hearing (which surprised the heck out of me) and agreed that she has not paid rent in a long time.

It is inevitable that when you are in the MHP/Affordable Housing space you will have applicants who are Felons, Drug Addicts, Sex Offenders and have poor credit.Here is how I handle each of them:Felonies: It depends on the felony but we don't allow any felon that had the crime occur within the last 2+ years and I am very careful about this.Drugs: I try to be compassionate but I have found that any recent drug offenses lead to a lot of bad behavior.

I know I need to set up a trust and an LLC as my business shelter, but right now it doesn't make sense to spend that kind of cash before I have actually anything to protect.I'm committed to the long run investing, so I know I will need to do it.

Step 1 - determine the actual taxable profit, adjusted for closing costs, holding costs and funding costs, plus business overhead such as driving, technology and whatnot.Step 2 - determine Johnny's tax rate which depends on his overall income and its composition.

Title is neutral in the transaction.They will ensure that seller not only does actually own the land.

Who knows, but these laws have addressed transient rentals since the 80s.There is a case where the judge actually applied the “loophole” which hurt the TP as they wanted to use STR hours as REP hours.

It looks like this:BUT, the actual purchase price I will offer is $675,000 not $850,000

Here in NC you get about 90 days from seller receiving their NOD (notice of default) to the auction date (which can easily be extended).