Keep active on BP, engage others in the community, read, and ask questions!

You want the lender to do a lot of analysis prior to you engaging them so everyone from the LO, UW, and credit officer are comfortable with the loan request.

Instead, Michigan relies on the definition of a real estate broker and what type of activity requires a broker’s license.Let’s take a look at what Michigan licensure law says about when “owners” of real estate must be licensed:Licensure as a real estate broker is required of an owner of real estate who engages in the sale of real estate as a principal vocation, unless the owner engages the services of a real estate broker.

@Joshua DaviesAs per IRS, rental income will be taxed depends on whether or not the foreign person who owns the property is considered "engaged in a U.S. trade or business."

It's good to have a general idea of what might work, but only an elder law attorney and tax CPA that you engage will be able to give you the specific fact, circumstance, and goal based answer. 

In that case, you may want to break contact and re-engage them in a few weeks.

Believe in MN you need to have a realtor license to engage in property leasing transactions. 

Sure thing Alida, thanks for asking a question and engaging in the forums.

That one has this very question in numerous states and variations, but with the common theme: "My sweetie and I were engaged and bought our house together before we were married.

Just an add on to my question, The reason I wanted an llc or indeed a s corp is if I engage in flipping a property can the check I get upon closing go to llc as though it were a sale or do I pay taxes on each property at the salary rate .