Most have instituted procedures which make obtaining a loan for anyone outside of a narrow definition a very diffcult and frustrating process.

The intent is to separate it from the payment (assume the lender will go along with it; i've talked to them, and they will), and put "rental" income on paper, so that it could be used by the LLC satisfy debt/income ratios to secure financing on another income producing property.Can anybody cite code sections prohibiting this if so, or any relavant federal or Georgia statutes?

I definitely liked Chris' suggestion of using a type of operating procedure as a guide of business activities.My main concern is to ensure my beneficiary is not taken advantage of by unscrupulous people in the event I'm gone.

All of this new money would be put to use in productive projects, produce income, and raise "revenue" at the individual level for the gov-mint to tax.

Agents that can and will produce but also require support as needed, not treated as a lowlife # within their organization.

If you can produce records that show you are engaged in the business, any busines, for say 25+ hours, then you have a business.

If your end buyer needs financing (assuming a loan of that size is available) it will be easier for them to buy when the property is producing income.

Assuming you're talking about NYC, the cost of property is likely such that positive cash flow is very difficult, as rents aren't going to be high enough (relative to purchase price) to cover both expenses and debt service.For example (just a made up example), if a $400K property will rent for $3000/month, that $3000/month will barely cover debt service, taxes and insurance...it won't cover maintenance, vacancy, capital costs, etc, let alone produce any monthly profit.Do some research on the 50% Rule and you'll start to get an idea of the costs associated with holding rentals.

In fact Atlanta is projected to add 100,000 people every year for the next 10 years AND lead the nation in producing new jobs by 2025 (BLS, CBRE/Dorey Market Analysis Group) which means that the demand for housing will continue to be strong. 3.)

To back up the investors' lowball offer, the realty agent produces an appraisal or a "BPO" - a broker price opinion of the distressed home value that confirms the low valuation.