I’ve helped a few CU parents buy places here for their kids rather than paying their rent, and after 4 years they are always up hundreds of thousands, after having saved about $80-100k through housemates covering theirs kids rent/ the mortgage during that 4 years. 

The people I know in Lake Geneva who were born to wealthy parents though are able to walk in and get hired based on their parents connections. 

Filling out Form IL-1000-E simply shifts the burden of tax withholding from AHP to you and it does not get filed with the state of Illinois. 

It’s definitely more challenging when you don’t have parents or family with that kind of capital to back you, so I’m just trying to navigate what realistic options are out there.

If you can, live with your parents after college and when you get your first job.

Is withholding the distributions enough ground for suing the brokers or we need the evidence of real loss?  

If the tenant is living in inhabitable conditions, do you believe this will stop them from withholding rent? 

I manage several rentals, I worked in other work and am the sole parent to my kids- so turning over the property and finding a new tenant right now is going to be a lot for me.I told her I would not promise anything- but I would discuss further after she let me know whether the financing actually went through.

I’ve actually seen this come up a lot, parents often want to help their kids get a head start with investing, and there are a few angles to consider.

., an Illinois LLC or an S-Corp parent) and separate property-level LLCs beneath it.