I dont know if that applies to this situation. 

Then goto irs.gov and apply and print out your EIN number.

In fairness, this would apply to paper as well.5) If you die, your heirs would enjoy no step-up in basis from income property in an IRA and pay tax at their ordinary income rate when they sell.

It's also not a business for people with little to no capital.Maintenance and watching your expenses are a part of the game.Successful landlords have systems in place to deal with problems that come up and they SCREEN tough as your tenant is essentially your business partner.Another thing, you make your money when you buy correctly... applies even to landlording... certain areas and price points will attract certain tenant quality.

Cash upfront is not something a qualified tenant offers you from the get-go before even applying.

I believe FHA still offers 203K program funds, however I can't recall if they apply to over 5+ units.

The same concept can be applied to say wanting to partner with someone to start other types of businesses.... like a Food Truck.

I know that a lot of the underlying fundamentals can be applied to anyone, but it also leaves out a lot.

You will be a great deal of wealth around here as usual.I appreciate your wisdom around here and do 100% agree with you that mobile homes do apply under all these acts as they are a type of dwelling.

If you apply the 50% rule you get a cap rate of 7%.