It's obvious that this Condo was never meant to be a rental.

Update:That post was meant to be posted in August 2018, but it only got posted just now, in Dec 2018. 

As far as I am concerned that is part of the work that the assignment fee is meant to cover.

I've read almost every possible thread here about Land Trusts and LLCs, but, yesterday I received a message from a Lawyer that I'm considering to hire to setup my Landtrusts and LLCs, but he replied saying the following: "A land trust is meant to function like an LLC, meaning each is their own individual entity for asset protection purposes.

@Brett Roth QSST's are a little tricky because the QSST election causes them to behave as grantor trusts with respect to the S Corp...most of the time.Items of income, loss, deduction, and credit passed through from the S Corp to the trust are included on the income beneficiary's tax return as if the trust is disregarded.Current income from the S Corp is required to be distributed annually as well to the income beneficiary. 

Plus, you really don't want to put capital into a park you don't own (and filling lots is capital intensive) since there's always the remote possibility the owner may go sideways on you when you try to elect the option of buying.A better plan would be to buy the park and have the seller carry the debt at a low interest rate with nothing down.

These decisions are not made by the Management Company, but rather the Board of Directors that are volunteers elected by the membership of the HOA. 

Many states have strict laws meant to protect homeowners in the foreclosure process and the consequences for not following these laws to the letter are steep.Working with sellers in pre foreclosure is a serious business.

@Michael PlaksI primarily had in mind the 'Small Taxpayer Safe Harbor Election', which has already been mentioned and is dependent on OP's basis in the building.If the building is non-residential it's possible he could S179 the boiler under IRC Sec 179(d)(1)(B)(ii) and IRC Sec 179(e)(2)(B) as long as (1) we can properly classify OP's rental as a 'trade or business' and (2) he has net taxable income to take the S179. 

Some of the STR owners need to band together and get someone elected to the city council that is pro-STR.There is an industrial crane company in my town.