Here are my questions;How is the income from mortgage payments to the note holder taxed?

@Shepard SolomonGenerally, C-corporations are better for raising commercial credit (visa, mastercard, amex, etc).

A investor (wholesaler/rehab flipper/ buy& holder) called me right away expressing interest.  

Just make sure you put the person you are borrowing from on the deed as 1st lien holder to protect their funds in case something goes south.Joe Gore

Happens all the time.We invest in notes and it is not uncommon for a distressed borrower to pay their first mortgage and not their secondIn those instances the second position lien holder will foreclose.

Because the deal has a land development component that requires any note holders on the property to sign the parcel map. 

@Pat Kumparatana   I don't believe Montalongo has any revenue sharing for his students vis a vi bringing in new students..

We do currently insure about 8100 account holders with nearly 42,000 locations across the country. 

The LLC itself is not a disqualified party if the IRA account holder owns less than 50% and does not hold a management/directorial role.  

Lots of times the trim, handles, racks or elements will be gone/broken so I go see them to get the broken parts to freshen up the appliances.Sometimes I order on amazon for wall plates, door handles, toilet paper holders etc.