Just me (and I'm not a wholesaler), but I'd be completely upfront about your intentions.

Hi everyone, We are currently living in Queens, NYC but are considering a move out of state (getting tired of the winters, high cost of living, need more space for our growing family).One of the things we are considering is moving to Florida with the intention of also purchasing an investment property to create some positive cash flow for our income.I was doing some research online and have found that many people recommend Lake Mary as an area that has nice neighborhoods, decently priced homes as well as investment opportunities.I found a few listings for 1 bedroom/1 bathroom condos in Lake Mary and I was crunching some numbers to see if investing in one of them would make sense.Here are the stats for one of the properties:$30K Listing Price for 1 Bedroom - 1 Bathroom CondoRegency Park at Lake MaryDown Payment: 33% ~ $10,000Mortgage: 30 year, $20,000 at 5% (estimated interest rate, correct me if I am wrong)Income:Average rents: $600-700/month (let's assume $600 for this example)Expenses:HOA fees: $150-175/month (let's assume $175 for this example)Taxes: ~$500/year, $42/month (estimate, correct me if I am wrong)Insurance: ~$500/year, $42/month (estimate, correct me if I am wrong)Vacancy: 10% of gross annual ~ $720/year (estimate, correct me if I am wrong), $60/monthMortgage Payment: $107.36/monthManagement: 10% of gross rental income, $60/monthTotal Expenses: $487/monthTotal Positive Cash Flow: $113/month Am I missing something from this calculation?

Being married would make it very clear to the lender that you can just keep paying the mortgage, even if he dies.If he says "no" to putting you on the deed and marrying you, then, IMHO, you are being used and he has no intention of taking care of you if he dies.

But, my intention is to have another place to post besides my normal venue and help others towards success, without anything in return.

It depends upon your intentions.

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?

They might been off by 1 number (accidentally) or off by 9 numbers (intentionally).

I think we are all pretty sensitive to it now and we need to "explore" a person's intentions a bit more before we jump...:)

Many attorneys will intentionally provide lame notes because (one because they are not finance types, ) in the event of any future problem, you'll end up knocking on their door for help and they start the clock again.

One question I still have about Solo401ks, though, revolves around the self-employed "business" requirement.It's my understanding that you can use a newly formed business, as long as it has the intention of generating revenue for profits and making significant contributions to the plan.