@Alex Murphy for your individual circumstances, you really need to consult an attorney that can advise you and a CPA that can tell you any tax benefits.

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.

I’m looking to connect with serious individuals in the local area all 3 counties of south Florida.

There are not as many oil field workers as there were a few years ago but these individuals will lead to a significant cost associated with unit turnover.

With this, you are able to purchase a property for $350k to 450k, rent each room out individually and likely come pretty darn close (if not over) the 1% rule.

Johnathan, the previous owner was an individual in PA. 

Only if somehow you had your clients write each of you a check, then the two of you are running individual businesses. 

Hi BP - need your help with this situation:- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)- Property C: The last property was held in Acme LLC with FOUR, different partners then transferred to our names individually upon refinancing because lenders wouldn't lendQuestions - Gotten conflicting answers on all of these1.

Property A, B, C: Do we have to file three separate partnership returns or can we just file individually?

I have an individual who wants to do owner financing rent to own on a property in Cleveland.