They said it's old paper from prior owner. 

Our professions are not related to real state or construction, and I never had to constitute any kind of company in the USA (did back in Spain, but laws have nothing similar).After much reading, the only two things I'm starting to get clear are: that buying and selling within a year has very different tax implications than living in your home for a few years then selling it, and that I should find at least a good CPA and possibly a good lawyer specialized in real state to figure out how to structure this to minimize taxes and liabilities.At the end of the day, my goal remains the same that I want to end up with a couple of investment properties, don't necessarily need to base my retirement on that, but just to not have all my eggs in the same basket.

I have disqualified potential tenants quickly based upon public documents showing convictions, evictions, etc.  1.Fill out preliminary application.2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.3.Query in Iowa Courts Online.4.Query Facebook. 5.Query Polk County Assessor (or county they live in). 6.Contact prior landlords.7.If applicant passes preliminary screening, send online application ($40 fee)8.Review screening for 600+ credit score, on time payments, income, eviction and criminal history.

My goal is to merge the trust properties and our 'flipping' into one.

It depends on your goals but I would spend it on people and marketing.

Spend some time defining your goals and what size and shape the multiplex is going to be.

., Sub-Chapter-S Corp, IRA, LLC-Limited Liability Company, Individual, or Joint Venture Partner prior to COE- close of escrow" Is inevitably KICKED OUT or IF an attempt to ASSIGN the Buyers purchase agreement is requested - the Banks / REO lenders are saying the agreement and its time line will have to commenced from the START Anyone using a cool trick to deal with the restrictions to ASSIGNING a BANK OWNED property thru Escrow ?

My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

What is your goal?

@Aaron Maxwell, I think you should set some goals, and then figure out what it's going to take to get you there.