Unlike passive rental income, the income from an active trade or business is subject to self employment tax (a nasty 15% tax commonly referred to a "social security and medicare" by working folks).

There are massive horror stories on social media floating around about these two.

I see people in my area post on Facebook and other social media sites. 

In fact you when you start you get your business an ein number (employer identification number- tax purposes) and it doesn't have to be tied to your social security number.

As we all know, Social media is a HUGE part of our lives now.

Pm me or get at me on Social Media.

You'll need a signed borrower's 3rd party authorization form, containing the loan number and borrower's social security number(s).

I not a novice with computing, but social media is still new to me as I haven't ever posted my picture.

The family has 2 units of short term rentals in Mission Beach.  

Chris Soignier , good idea...but I'm not sure the inlaws will qualify for much being on fixed incomes (Social Security), and I don't want to co-sign unless I have complete control over the money as we're pretty stretched on loans right now...as for the market value observation...I hear ya, but won't work for us since there is another personal issue that hampers that solution.I realize that there are many creative ways to go about it, but I'd like to really hear more on quitclaim legalities before I try another strategy first as it sounds like a clean/quick way to acquire the property...at least at face value anyhow.BJ