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It seems to me unless someone is physically going there on a regular basis there's really know other way to get this data.

Tax benefits go to the landlord with depreciation, the flipper has regular income.

See link for reason why: http://www.biggerpockets.com/forums/52/topics/6804...I just use the regular Kwikset locks, and you only need to switch out the part that has the key cylinder.  

My understanding is that an LLC and an S Corp basically have the same tax rules in that their income flow down to the individual and they pay taxes on that income as if it were regular earned income (based on whatever tax bracket that individual/couple falls under).So, when you ask if the IRS would want to get taxes from you on the $1,000 of rental income, the answer would be absolutely yes. 

It is no more difficult than a regular closing to assume an FHA loan.  

Still have cousins in Shillington and Laureldale so I get up there pretty regularly.

Thankfully I had invested with them through the Maverick Investor Group, so my terms were a little different than what I see for their regular customers and I didn't lose any money as a result. 

Nice exercise anyway.  

Chris Mason  so can I do that with regular conventional loan?