I've been told that an LLC is the way to go, so that we can protect ourselves as individuals if something happens in the rental(s), and also to get the best tax benefits.

Unions killed the golden goose by pushing for pension and benefit packages that were unsustainable and weak politicians gave in when their coffers were full.

Aside from the more lenient standards and lower interest rate, what could be some additional benefits of an FHA mortgage?

There are no guarantees for renewals, you might ask about a longer term on an adjustable rate (there are no long term fixed rates at that loan amount that I know of as the lender needs a repricing opportunity).Good luck.....

Small apartment complexes may benefit some, but I guess it remains to be seen how things play out with the rules.

Look to the types of loans made, 5 and 7 year fixed that roll over to adjustable, those may not adjust until 2015, so it could be too that the upturn is simply the slowing of some loan product maturing.

To approve a short sale the lender will require the seller to affirm they're not receiving any benefit from the sale.

It is important to know how they work and what their benefits/drawbacks are, then use them strategically when the circumstances are right.Sure sellers balk at Options, for a number of reasons.

Item 3 isn't a prohibited transaction, but it is a contribution.1 and 2 clearly are because the qualified plan (Agent John's plan, I assume) is doing a transaction that personally benefits John.

Bill Gulley So if the quit claim goes through, I can still obtain title coverage, and that would effectively confer on me the same benefits as a warranty deed (grant deed here in CA) would have?