I assume we will just treat this as ordinary income for the company and split it according to our by laws at the end of the year with our individual K-1s.My questions is , does this sound accurate?

Any recommended individuals or small firms would be greatly appreciated.Thank you

However, oftentimes this is difficult to do in our market, so the option fee that they pay usually helps it so that we are able to get the majority of our money out of the property.The rest of the money we have left in the property we create 2nd position performing notes that perform at 11-12% APR that we sell to passive investors. 

I had read some articles online that even in joint tenancy, where multiple people own and are on title of a property, only the individual(s) legally obligated to the debt (i.e. named on the mortgage note) can deduct the mortgage related expenses (interest).

I am in the process of creating an LLC and chomping at the bit to get things rolling.Right now, I am focused on learning the legal, business and strategy aspects of REI. 

If I was the party suffering damages, I would sue the broker, the owner(s) of the brokerage firm individually and the individual agent.

I am curious to hear what other people have done to find a property owner who is interested or how you got one to be interested in doing a MLO.I have been making phone calls and have found some individuals who have stated their interest in moving forward so there will be more to come with that.

I am a very driven individual and look forward to the successes and hard earned lessons (hopefully not too many lol).  

All you do is ask if they would be interested in the ongoing income created from seller financing.

All of my recent conversations with lenders have focused on borrowing as an individual.