I'm hearing stuff like you have to pay relocation costs based on # of years they have lived there or some expenses I think are absolutely crazy.

Also a huge benefit is you can get a non recourse loan and not have to pay UBIT tax on the profits made with the leverage.

Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy. 

The tax bill may have gone up $700 per month, BUT if the next tax bill is due in just several months you need to make up MORE than $700/month before that time is up to pay it.

My worry is that it is almost end of the month and he still didnt do anything at all on the project.What are my options if he comes on May 1st and tells that he has no money or that he will pay in installments?

Im trying to save more money, and pay down credit cards, Does anyone have any Ideas on how to obtain financing and where to start with building process should i obtain financing!

In addition, you get mortgage pay down (the portion of the mortgage that goes to equity pay down) and tax benefits. versus if you rent, you rent is not fixed and will rise.  

After paying debts, they have $4,000 left, but they have to handle the expenses of four people, including growing children.EXAMPLE B: Single 70-year-old making $4,000 a month with no debt.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I'm more than happy to pay a GC for their time and to walk a site with me.