@Brian Junkert I'm confident that you are mistaken about the "someone paying your taxes, and charging you a bunch of fees", "because they want to" issue.  

If you see some cracks in the foundation or building, show pictures of it and how it's a huge issue.

As the applicant has to send scanned image of government-issued ID and proof of income by email as part of the application process.

It doesn't account for national-level issues, such as the bubble and resulting crash back on 06/07 where unemployment spiked.

For someone who has cash - could be a great deal and very secure against a low leveraged property.Best,Michael Vallee No you may not, this falls under self dealing, invalid contract, as you can't create a debt as an asset to yourself, use that or market that you're looking at fraud, racketeering issues, take a mortgage deduction you're looking at tax fraud. 

Hello AllI have concrete issue at hand. 

Another claimed that he had temporary credit issues but I found judgments that just fell off his credit report, demonstrating long-term financial issues rather than a temporary issue. 

If you do not have your license, what issues have you run into as far as for sale by owner and closings? 

I'll have to look a again to see who the seller is.I did visit the site and there is no visible issue with the lots.

I was looking to do a cash-out refi to take money out while locking in lower rates, but now that the properties are in the S-Corp, I am unable to transfer back into my name to refi without creating a taxable event.I am wondering if there are any strategies to moving these out in a tax advantaged way (I expect there will be some cost to doing so).Some strategies that have come up in other conversations are:1) Form LLC and issue a note to the S Corp with the properties as collateral... then if S Corp defaults on the note... the properties will be transferred with out triggering taxes (although cost basis would remain the same)2) Have appraiser apply discounted valuations on properties due to lack of marketability (I am only a 50% owner of the S-Corp).