Hey Jason, Given your situation, it would likely be more beneficial to put the real estate investment in your wife's name since the rental income would then be reported on her tax return.

Was then informed that the seller did not want to return my $2500 EMD if an inspection revealed negative findings.  

As of July's Broward county YoY report: Closed sales up 7.5%Median sale price up 4.2% Original list price received down only 1.5% to 96.3%Inventory and median days to contract up 50% Inventory and months supply up 56%As far as a 20% price drop we are still going in the opposite direction down here.

They claim to speak with around 200 people per day (not an exact number, it varies from day to day, but this an average), and they upload reports/logs for me to review daily.

I asked him to board things up and talk to the police, which was mutually beneficial to us (he also filed a separate police report), and I paid for the materials for the boarding.

View report*This link comes directly from our calculators, based on information input by the member who posted.

The August 2024 report from the Austin Board of REALTORS® shows housing prices in Austin and the greater metro have been fairly stable over the past 12 months.

A few things to remember, just in case you want to expand down the road:-Always get an inspection report prior to closing. 

The Corporate Transparency Act (CTA) requires most small businesses to report the personal information of the beneficial owner's to a special unit of the U.S.

I could also ask him to provide a report from his business (he is self employed) of his P&L and transaction reports to make sure he is making money etc.