For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

They couldn't have given him a 30 day notice if they wanted to because it hadn't even been that long since he received the invoice.

For me and my goals, I focus on long-term investing in residential single-family homes in Florida and Georgia.

If your mother does not want to carry the note long term, there are GSE renovation loans that can be used for both purchase, rehab, and permanent financing all in one loan.

The smaller one is a great mid term rental right now.  

I would echo most of the above in terms of screening process/flow. 

That's my biggest concern.But I should also look at the tax and long term benefits.

Why do you think purchase contracts are so long and have such small print?

It's not over until the end of their lease term, or the rerenting of their unit earlier, or the remaining tenant agreeing to accept 100% responsibility for the unit.

As long as our occupancy doesn't drop, we are ahead.