Admission is free.

By your own admission, her son is a 70-year-old CPA with decades of experience but for whatever reason, she doesn't want to consult him.......hmmmmmm.  

That's when the "Well...actually I had this hiccup with my credit awhile back" admission comes along :)

The expectation (from the IRS as noted in the myriad of lawsuits that you have researched) is that you "will" pay yourself a reasonable salary and there is no getting out of that because Uncle Sam wants his money.Your own admission of not being able to find any precedent should be a warning bell.

You're actually planning to screw elderly people who by your own admission are not in any position to enter into such a contract.You, my despicable, unethical friend, need to be taken to the woodshed.

If you read this far, thanks for reading this essay!

No one is going to do anything if people do not stick up for themselves.. you can also get a lawyer I suspect a few harshly written letters to Morris ( forget Oceanpointe) I suspect they will be insolvent.. but Morris I suspect has the wherewhithal to make this right.One person got on BP and did one U tube and posted it here and Morris made a deal with him to take it down and then they would REALLY go renovate like they should of in the first place or give the guy his money back.. in a stunning admission the guy gave MOrris a pass and kept the property.. the reality Is these properties are not as advertised..

I work in higher education as a college admissions counselor.

I get the infinite return when there is no money in the deal. all my buy and holds are like that now in NZ as its essay to pull the money out when you have 10-15 growth per year. 

That is the price of admission.