Next thing you know on your next deal, your seller will look across the table and tell you "I heard what you did for so-and-so and we've been friends for thirty years..."

I'm getting a sense that this is how it really works, depending on whether or not folks at the local housing authority are hard-@sses (please excuse my french).

She finally vacated on day 21 and the per diem used up the entire hold-back, meaning that my buyer was able to keep it.What I found astonishing was that she showed up to the closing table without the slightest idea of where she would live next.  

missed one over a smoke detector that tenant had taken down and set on side-table... it was literally within eye-shot...

I do not spread 50 application form on a table or counter. 

If you lived in it for 1 year and have to move for job related reasons you'll still get 50% of the gain up to those $250/$500K limits.Take the money off the table and look to your next acquisition close to where you're going to reside as you get to know that market.

The market changes, and you've locked them into a selling price that leaves money on the table.

Make sure you include all costs - sheriffs, movers, storage, etc.Normally I'd want to know a lot more about the basement flooding, but since you've said it's a demo, I'd let it go and address it with drainage and/or french drains when you rebuild.Good luck!

Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.amortization scheduleA table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan.

The table below shows what will be the least expensive option for the borrower for their loan based on time.