If you're starting off smaller with your own personal money making only and small notes the cost of setting up and maintaining one of those entities may outweigh any tax advantage you would see.

Typically, YES - you can move on to the next deal and maintain the generic conventional terms.

Landlords are allowed reasonable access to their property to maintain premises while tenant is still in residence.

Some offices may maintain a separate computer, book or reference area for IRS Liens, so Ask them, or the Tax Collector or the Designated Collector of Taxes in your area for that information.

Factors that indicate that a taxpayer has the benefits and burdens of ownership include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

LLC is very popular but it must be set up properly and maintained properly in order to provide the liability protection it's intended for.

Those houses were usually built to last but it really depends on how well they maintained and whether or not they were upgraded over the years.

But how do you decide who maintains which part of the common areas?

I couldn't care less who was up there as long as they are going to further, or at least maintain the ideals and standard of living that hundreds of thousands of gallons of blood and tears have paid for since its inception.

She was adamant about wanting to maintain strict control of the short sale process even though I explained she could be making much more by leveraging her efforts and handing the short sale negotiations to me, thus freeing up her time to take on more listings.