My husband met him, and they talked about it. 2 days later corporate calls my husband and says "lets meet".

College education is usually a requirement, if you want to climb the corporate ladder and are looking for a W2 career in management.

You can be compassionate and professional and still hold him to the lease at the same time.I would let him know you understand his situation and will do you absolute best to find another tenant ASAP, but until that happens he is obligated to the lease.

If they are expected to pay for this month as well as coming months then they are legally obligated to do so.

This means at least I m not obligated to move on with the deal, but if seller does not agree to drop the price I can back out pretty much, right?

Clearly a bit crazy but since I don't have family-obligations maybe this is the time to take the leap. 

So far I have:-Depreciation =deduct home price (divided by 27.5) from your income, rental for active income-Rental income is taxed less than active income (what is it, like 15%)-Ability to set up corporation to pay less taxes (would this be the 7.5 ssn, or are there others), deduct all expenses related to business activities (gas driving to rentals, CPA/Attorney fees, home office possibly, etc.)

If you are thinking of buying properties in your LLC with money from your HELOC, you are at risk of co-mingling funds which pierces the corporate veil provided by the LLC and renders it useless for liability protection. 

I have been working for corporate for a long time and my goal is to purchase enough Buy & Hold properties so that I can do this full time ASAP :)! 

Since there is significant upside for both him and myself, I willingly obliged and am happy to help with minor repairs and spend the time and money to furnish the unit in preparation for our first guests.My question for you is what is the best way to handle the expenses associated with all of the costs needed to get the unit ready for Airbnb?