If he defaults on his lease, leaves your place a wreck @ move-out, or he is just a problem tenant, you will have to evict him and/or file a law suit to collect for damages.

Items 4, electrical issues with ungrounded wires and fire and safety hazard issues...need to be brought up to code before close of escrow.

Has anyone one heard of a law that allows the appraisal management company up to 30 days to respond to a valuation rebuttal?

Check the intestate laws in your state.

Bo Wagner Harris Wagner Law [email protected]: 404-325-0291C: 404-630-2647He and his firm have done about 50 closings for me in the past few years.

Also, I do believe if the property is sold in excess of the delinquent taxes that excess funds by law go to the person losing the property.

I don't know TX law so I wont comment as to how it would be viewed, but I'm getting stuck on understanding why you need to use that structure.Are you looking for the quick profit, or long term cash flow?

I'm new here and new to REI, but I'm curious what the tax laws are regarding depreciation in CA.

Insurance would be listed separately in Box 4.http://www.irs.gov/pub/irs-pdf/f1098.pdf-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.