Walk into any financial advisors office right now and ask what investment is going to pay a double digit return with less than a $50k investment, that you won't have to manage or put any labor into.

slow down so you can actually start taking out money and reducing debt tax free using your primary residence exclusion.  

Also currently working to get my FICO up some as well, its not bad but it could be better if I work harder at reducing some of my debt.

On the other hand, if you are a dealer of a flipper, then you need to consider this election since you will be exposed to Self Employment taxes and the S corp election can help reduce that through salary allocations.

Thank youDemographic and Housing Market Data for Camas, WA:Census DataCamasClark CountyWashingtonPopulation 18,334345,195 5,790,538Area in square miles42732 62,976People per sq. mi.439472 92Median Age3534 37Median Family Income$67,871$53,108 $44,655Civilians47%47%47%Armed Forces0%0% 1%Not in Labor Force23%24% 26%Education LevelsCamasClark CountyWashingtonK-12 21%25% 25%High School Diploma16%17% 16%College Graduate11%9% 12%Post Graduate6%4% 5%Real Estate Market Data CamasClark CountyWashingtonTotal Housing Units4,62072,081 1,133,691Average Home Price$265,194$203,225 $227,377Median Rental Price$589$618 $467Owner Occupied77%64% 60%Rental Units18%31% 33%Vacant Units5%5% 7%HomeGain Agents73Demographic and Housing Market Data for Gresham, OR:Census DataGreshamMultnomah CountyOregonPopulation 66,79595,870 2,426,091Area in square miles34212 93,042People per sq. mi.1,981452 26Median Age3433 40Median Family Income$56,263$55,067 $41,205Civilians 50%51% 46%Armed Forces0%0% 0%Not in Labor Force23%22% 28%Education LevelsGreshamMultnomah CountyOregonK-12 25%25% 28%High School Diploma17%17% 18%College Graduate9%9% 10%Post Graduate3%3% 4%Real Estate Market Data GreshamMultnomah CountyOregonTotal Housing Units13,27318,781 446,281Average Home Price$207,912$206,350 $190,774Median Rental Price$625$625 $444Owner Occupied57%61% 61%Rental Units38%34% 30%Vacant Units5%5% 9%HomeGain Agents89[/img]

EVERYTHING is negotiable with them and for this reduced service from them, you don't need to pay the full fee.

Once one understands the process involved the gender of the salesperson can be reduced to a very small factor.

Chances are if you can do this yourself you will profit without the labor costs.I wish someone else would come in here.

As far as owner financing goes, it depends on whether he's selling the RE to get CASH to get the other bar, or if he just wants to reduce his management hassles.

You can say that I am reaping the fruits of my labor.