Lease structure can be just as creative as purchase structure.

There's a relatively untested way to absorb some but I emphasize it's untested which a long way from either approved or disallowed.The theory is that if the improvements are less than 10% of the value of the property you are buying and the improvements are things that would normally be associated with a structure (roof, A/C, flooring etc not furniture or a car in the garage). 

You can also hire a structural engineer but they will charge a fee.

Most likely Federal taxes on the income but there are a lot of questions that we have regarding the structure, entity type, etc Typically foreigners, who own rental property, and have rental income, are subject to a flat 30%.

The leases run for one year June 1st to May 31st.Does anyone do this type of rental and how do you structure your leases?

Thank you allHello, Jay, It's rather a large topic to cover in a forum post, so I'll just say this ...Holding properties in a business entity structure serves two major purposes:First, it shields your personal possessions from the risks and liabilities of your real estate business.

The building was being used by the previous owner as a storage structure & had been for some time.

They were large 1 bedroom units with dining rooms, I converted certain rooms within the structure to other functions, updating the bath and kitchens converting the units into 2 bedroom units.

The only contractors I know that can and and will work within that payment structure are contractors that hold the designation as a Certified 203k Contractor. 

Found this blog post (Impermanent Structures For Summer Vacation or all Year Rentals.) a while ago, I'm in the middle of buying my first property on 5 acres and I'd love to rent out all the units and live in an impermanent structure if the town allowed it.