Originally posted by Katherine Wieser: Although my income tax burden wouldn't be much if any - I am buying this property using downpayment money from my father's estate (he left me a bit of $) so I can claim the income (vs my husband) and since I'm not working, I won't pay much income tax if any on the income.Katherine Wieser: I presume you will hold this property personally, in which case your tax situation will be better than the nominal 44% rate affixed to passive income ... but it will still be above the 15% in John's model.

Should I have the restaurant pay a nominal amount ($10/month) to further cement this is a business agreement?

I don't study legislation, but am curious as to whether there is any discussion by lawmakers around an updating of the nominal dollar amount ($500,000 for married couples filing jointly and $250,000 for singles) on the sale of your primary residence.As we enter what many believe could become a highly inflationary macroeconomic environment, this exemption would become increasingly subject to erosion.Any thoughts or resources out there?

I am willing to pay a nominal fee as it will save me from contact dead leads.  

Depending upon the market, you could offer washer and dryer for an additional nominative charge.

In the meantime, inflation is pushing up the nominal value of your asset and the cashflow the asset yields, but your payment remains fixed.

You should easily be able to find lenders who don’t but if you can’t, these should be very nominal.

The use of leverage in an IRA does create a small tax exposure where the percentage of the income attributed to the non-IRA money (borrowed capital) is taxable, but the applicable deductions make the net tax impact pretty nominal.  

I use the gurus for nominal concepts (think an intro class or the first section in a textbook unit) and "lead magnets" (the freebies they give you for signing up to their email marketing list).

I would try to get the drains cleared first if it is of nominal cost.