I’m hoping to get a more expensive house and it would help to have a lower down payment going into it.  

I figure if I have to pay taxes on it at some point anyway and have to pay taxes on it as earned income anyhow (whether I have a private entity for transactions or use my self-directed IRA), then I would rather have the tax lien in a more liquid and accessible entity if the lien go to foreclosure and I acquire the property. 

@Johnny Lau I think this question comes up very frequently at a more base level, whether to be an active investor or passive investor.

@Evan Chesterman The legal of the property would be the legal description, it's a more detailed description of the property than just the address. 

Sell it and invest in a more favorable market.

If you do not have the money to assist your grandfather right now in terms of rent, maybe you can help him find a more suitable option, especially since he will be paying full rent at your apartment anyway

I believe that it is a more "forgiving" asset type and this size is perfect for where I was at financially and comfort wise.

Would buying in a more affordable area cause you to spend a lot more time in traffic on your daily commute? 

Although many prospects who approach my firm already have made an S election for their new business, in general, I advise current clients who start a new or side business to start it as a disregarded entity (if single owner) or partnership (if multi-owner) to keep things streamlined until we have the data points to make a more informed decision regarding a S or C election. 

Looking to update these colors for a more modern look.