Plus I would acquire the quick claim deed and quieted it all before I would sell it so that no one could sweep the rug out from under whoever bought it from me!

If they like carpeting, they can get their own area rugs, color and patter of their own choosing, and take it (and their dirt) with them when they move.

Also, the home could have a sale date and go into foreclosure at any given time, or not successfully postpone a known sale date, so you could wait for months only to have the rug pulled out from under you at a moments noticeBack during the recession, i had buyers wait several months on a short sale..

If the renters want carpet, buy an area rug lol.

It is a carbon film that is applied under rugs or tile or wood flooring. 

@Tony Roddenberry,Quick and dirty answer to your question.If you were able to take the roof off your dwelling structure, pick it up and turn it upside down, everything that falls out would be personal property (free standing appliances, furniture, area rugs, are examples) that could be depreciated over five years. 

I also want him to feel like he has some stake in the company and offer some assurance that I'm not going to yank the rug out from underneath him if we disagree on something in the future. 

LOLWhile we sit an awe of the magician' s left hand reaching inside the hat (DOS risk)  the rug is being pulled on the insurance side. 

This is a program where 1st time home-buyers who make at or under a certain % of the area median income (say 80% or less for example) qualify to apply for the grant, certain banks receive grant funds so you would need to ask your bank if they participate in this programRehab costs: $40,000 (lot of sweat-equity)Appraised: $385,000NEW PITI $1785/month: Refinanced into a loan of $260,000 ($325,000 with 20% down, 30 year fixed rate portfolio loan @ 4.375%) and pulled out $61,000 ($260,000 minus $191,00 owed on old loan minus $8000 closing costs) I could have taken out a higher loan (due to the appraised value) and received more cash-out $, but I wanted to be conscious of what my new PITI would be and make sure I could cash-flow going down the road.DetailsBefore Renovation- 864 sq ft - 3 bed 1 bath ranch style home, , attached 2 car garage, 1/3 acre yard- Purchased foreclosed for $220,000 with a 30 year fixed rate loan @ 3.875% - PITI $1385/monthI worked with my local bank to build in renovation funds into the actual loan, where I would pay to have work done to improve the property (new roof, heating system, flooring, etc) and the bank would inspect the work then release funds to me to reimburse for the cost of each repair as they were madeAfter Renovation- 1278 sq ft (finished basement added 415 sq ft)- 3 bed 2 full baths- Appraised Value $385,000The first 6 months in the property was spent doing new roof, heating system, refinishing existing hardwoods (hidden under grey shag rug), new SS appliances, new paint inside and out, finished basement (added another living room, office/bedroom, and full bathroom)For the refinanceI was quoted by my local bank for a 30 year loan a 4.875% interest rate. 

if you look at how high we went in 2006 then you know that has to crash.The last boom was intensified by very loose lending limits, 75% of buyers being 2rd family homes or "investment property".