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I know in ny there is duplex and triplex. I dont know if they have it here in nc. I will have to look into it. Seems like a great idea.

My guess would be a lawyer to take it in an escrow account. It depends on the laws on getting your money or not. Find a lawyer in the beginning to help until the end.

I am not experienced with land. How can it be reputable without a lawyer, and to find out if the deed is clear?

How would I receive a downpayment? :shock:

Most people want a down payment or deposit to secure the home for the sale. How do I know the deed is good if they want a deposit, and if the deed isnt good, would I get a downpayment back?

Thanks! :D

Thanks! This is alot of information! It helps alot.

If I rent a property out to someone, do I have to be in the same city if something goes wrong?

Can they handle the problem themselves?

Is 1099 federal income form? Does one have to pay state taxes too?

Thanks!