Based on what you are looking to do, this might make sense.

The trick is that you do NOT have a rental business until your property is "placed in service."

The mortgage payment is based on the interest rate and term. 

There are so many caveats and unknowns here that this is just an attempt at an idea...Option 1, the four grandchildren living in the property buy out the other two:-Estimate your PITI payments based on the expected payout to the 2 grandchildren being bought out.

State income taxes are usually based on the gain or loss from each state, so you pay taxes on your gain in Illinois.

Hello, I am looking for a Maine based attorney to handle a private mortgage contract. any recommendations?

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

The funding fee is waived if you have a service connected disability.

However, who specifically benefits from services like Offerpad or Opendoor?

Clark, 36 A.2d 631, 632 (N.H. 1944)So based on those quotes, your scenario @Collin H. wouldn't constitute gross negligence.