The owners may also take money out in the form of Salary, which is also taxable as regular W-2 income.S-Corp - With very few exceptions, an S-Corp pays no income taxes as an entity.  

The good thing is that in LA City, you can tear down everything except for 1' of wall, and then rebuild in the same footprint while still permitting it as a conversion!

I have  NEVER advised any client to "find a partner willing to provide the money" EXCEPT in cases where the client insists on using a method that requires cash and he has none.

Quote from @Michael Morrison: If you intend to charge, then you should make the repair.You can easily repair all these things (except the fridge dent, but that's completely unnecessary) for under $1,000 and probably closer to $500.

Only exception is if she is taking care of your children, in which case that is a job in itself.I would never ever expect a free ride, but a situation that is mutually beneficial for us both. 

Im not sure what you mean by rent based on ARV, except that yes, I think that renovation/upgrades are required to get that rent. 

You also might be able to reach out to your servicer and ask for an exception allowing you to take over their liability but I would not get your hopes up.Since it is conventional, it is not assumable but if you review your docs, the mortgage might have a liability release clause.

Ok, I agree it has served me well with the few I've done and allowed me to quit my day job with income left over to save a tad monthly based on a very modest lifestyle.I have been fortunate to have great tenants, amazing even, with just 1 that was a nuisance to the other roommates and I was able to get rid of with minimal cost. ( Mark you, this tenant I didnt completly vet except for the background and credit checks, then handed him over to someone else to complete the process).

I have done well for a year or so, then last three months, have been basically dead, except for a few leads that didn't pan out for reasons not relevant here.QUESTION- Over the past few months I have had alot of "suspicious" seeming leads- people with no reviews, who just joined, clearly not english speakers- many of whom have the same "pitch", making me think they might be bots of some sort.

PresentationIn this new time of development, AAC blocks are exceptionally popular because of its remarkable highlights, making it an optimal answer for each building action.