This episode is chock full of relevant negotiating tactics you can use to help you acquire this deal.

You can find plenty of relevant discussions on the forums in regards to owner financing.

You should have an estoppel letter from the current owner prior to closing stating all relevant information on tenants, including security deposits, monthly rent, who pays what utilities, copies of existing leases (if any) etc.At closing, you should receive rents pro-rated to the date you close, and transfer of security deposits held by seller or manager. 

TIA for all relevant/helpful answers and resources.

Why is this very relevant?

With an S Corp you will be required to be on payroll, but can take distributions from the company that are only subject to income tax.There may be additional relevant information that I don't know, but on first glance that would be my recommendation.

Plans and specs should be relevant and thoroughAs noted above, good contract + good plans = good project

I'm asking here about the situation in order to collect information relevant to the situation prior to discussing it with my contractor.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

In my case, running a services company, it has been slow and not really relevant.