Watch out for default terms, due-on-sale clauses, and negotiate prepayment penalties if applicable.

(I assume he owned a convenience store or something)  for $7,000. 

Any approved loan application would be the result of misrepresentations which is fraud. 

If you change your mind during the cooling off period, you can cancel by notifying us by contacting Customer Service (English), Customer Service (French) or Customer Service (Portuguese) (as applicable) and we'll refund you (if applicable) any monies paid within 14 calendar days.

If you don’t need all the cash immediately, you could store the unused portion in a high-yield savings account or line of credit for future investments.HELOC Option: Another alternative is to consider a Home Equity Line of Credit (HELOC) on your paid-off rental.

If you are careful and listen well you will be able to see through the smoke and mirrors to the real applicant.

Well, if your in affordable housing that means your loving life, you have an avalanche of applicants.

On the other hand, if there is a large mall with major anchor department stores, good restaruants and Starbucks, you can be fairly ceertain that's a good neighborhood class. 

Can anyone verify the tax treatment as of today that a gain from owner occupant unit is applicable for Sec 121 exclusion, and a gain from rental unit is applicable for 1031 exchange?

Where do I send my application fee?