Shell out 10's of thousands to a turnkey seller, who has no skin in the game, and makes his/her money up front, will pass the buck and give excuses should things go wrong, or shell it out to a local investor, who has found the property, has their own $$ in the deal, and doesn't want a foreclosure on their record.Then there are joint ventures, discounted mortgages, a whole bunch of ways to make cash flow.

My grandmother and I are joint tenants on our home.

Okay did a wrap with a seller.Added as a additional beneficiary on the policy.Policy comes up in March.Insurance company was fine putting me as an additional insured but then the owner of the company calls the seller a few months after closing and said his employee never should have told her that.She doesn't have any written communication or a recorded call from the employee saying it was okay just the phone call before the closing happened.Now the owner of the insurance company says he wants to see the seller back on title before he will renew the policy.I mentioned I could add her as additional insured and she said the lender would be required to have her as primary.She is freaking out about the insurance issue and thinks the lender will call the loan.She wants a quit claim back to her and an agreement form her attorney that I manage it but still own it and I can buy her out at a later date.I told her I would not agree to this.We have completed substantial improvements to the property and have gotten out the bad element.What I have come up with I believe will shed light on her true intentions.I am thinking of creating a Joint Venture partnership or something similar where she is given 5% non-controlling interest in the property.This would add her back on title and then the insurance should not be an issue to renew.I am checking with an attorney on this now.Want to get thoughts on this issue.

The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.

That house could have it in stucco, window putty, drywall joint compound, ceiling texture, sheet vinyl flooring, vinyl floor tile, flooring and other mastics, HVAC ducts, and other things - most major surfaces.

Trucking can bring the US to it's knees in 2 days time and yet they tax us to the hilt!

Not all estates are probated, wills are approved and won't show up, properties in trust and properties held in joint tenancy are generally passed without probate issues.While I know you can chase the ambulance I never did, I realize that the world is all computerized now, but did you try looking these old folks up in the phone book, get the address, from there you can get the legal and copies of deeds and mortgages filed.

Joints will seperate, nails will "pop" and loosen giving you a squeaky floor.

In 2012, marginal tax rates for <$70K income were 15% (married filing jointly).

Own a car lot or a pizza joint after all if you need cashflow sometimes a small business can be a nice place for cashflow.