Until we bought the property and installed a "friend" of ours to manage the property.What looked like an amazing deal soon turned out to be a complete mess.

As people that depend largely on the poor to pay their rent (or section 8 which means you are beyond poor) proper adherence to the letter of the law in these matters is vital.

I don't know how big the office is that you are considering but KW has an awesome learning based program and is indeed a family.Although the "how to's" can be overwhelming and complex, to make sure you have properly addressed all issues, the real challenge and the heart of the business is all about "lead generation".  

Hi Michael, My husband is a realtor, I believe NJ recently updated the contract form, you may need to go through the proper channels. 

However, thank you for properly diagnosing my question and answering in an easy to understand manner.  

That debt will be settled out of my own pocket after closing.The moral of the story is to find a competent attorney that understands what you are trying to be do, so that all of the proper documentation can be created and filed. 

Understanding what proper paperwork I will need before, during and after the buy and OF sale.*** When buying the MH;Submitting a SOLFill out & attach Form B if I am taking over a lien or foreclosure for lien.Apply for Texas Seal if home does not have oneSign OF deal.Create a bill of sale plus receive the deed. 

If your 1065 is done properly, the nature of the passive rental income will remain the same - no self employment tax.The concept of whether it's better to run it through an LLC vs keeping it in your own name is a topic that has been batted back and forth here on BP and elsewhere with no real conclusion.  

I only know of the primary residence that can be paid in installments.

Install laminate floors in 1600 sqft, tile in 2 bathrooms, and tile outside in 450 sqft patio.3.