If you feel your area is more representative of the 80% rule and your buying for appreciation then you’d have 52k to spend on rehab & purchase.

Each Property is held in a Single Member LLCThe Owner of the SMLLC is a Partnership LLCBy doing it this way, only the Partnership LLC files taxes as the SMLLC's are disregarded.The Partnership LLC files Form 1065.It will fill out Form 8825, adding all the Properties owned by each SMLLC's.By doing it this way, the Partnership LLC will have just 1 Bank Account which represents the Operations Bank Account for all of the SMLLCs.The Profit and Loss is reported for each Partner via the K-1 on the Partnership LLC.The K-1 then gets recorded in the Individual Partners of the PArtnership LLC Schedule E form, specifically Part II of the Schedule E.Therefore, no FICA tax since Schedule E is reported on line 17 of the 1040 and a Schedule SE is not needed for this Tax Return Line Item, unlike Schedule C.If I got this right up to this point, then I have to say, YES!!

The PR (Personal Representative) and additional heirs/beneficiaries (family members) all have to be in agreement on the price.At least this what happens here in CA.

I would strongly encourage you to email the representatives in the districts in which you invest and tell them everything you think is wrong with the bill.

He also mentioned I could represent myself in the deal and use my commission to reimburse myself for closing costs.Does this sound like a good idea?

The green portions of the map represent the areas that have no income limit.Below are some of the other advantages of this programUsing proposed rental income to qualify – Homepossible will allow to use proposed rental income when you purchase an owned occupied 2-4 unit to offset the new mortgage payment.

I kept in contact with the representative and ended up having to go through eviction proceeding, but the rep was trying to help from her side. 

How to represent the numbers ?

You could represent yourself if you felt competent and comfortable doing that.

I stayed at interstate window & door and am currently a dealer and commercial representative.