Flipping homes that rises to the level of a trade or business is subject to ordinary income tax rates, and the flipped homes are treated as inventory, so that portion of your business can be considered a "dealer".Rental real estate is not, however.

The builders rep works directly for the builder and should treat you fairly but don’t represent the buyer.

Hope the area is treating you right. 

The law changed how mortgage debt is treated based on how loan proceeds are used.Home equity debt which is taken out to pay for things other than making substantial improvements to the home (which improve the basis of the home) is no longer tax deductible, as it is not considered acquisition indebtedness.

Hey Paul, I'm sure Sue will treat you well and I know Neal is a great guy with a fantastic reputation. 

(also, if there are any investors in Saint George, I'd love to treat you to coffee to pick your brain, just let me know!)

It seems to make more sense to evaluate a property based on Cap Rate and treat financing separately.

This is also after a lot of back and forth with the buyer first saying they would accept a letter from the HOA stating they are responsible for fixing the sheathing and then deciding the email from them wasn't good enough.Here is the contract language in this regard if anyone is curious:If the infestation report reveals the presence or indication of or damages by termite infestation or other wood destroying organisms, Seller shall remedy such deficiencies and shall furnish the Buyer with an infestation report by a qualified/licensed/bonded pest control operator (dated no earlier than 30 calendar days prior to Closing) that the Property is free from infestation or any damage herein mentioned; or documentation that the infestation has been treated and damage has been repaired as appropriate in a workmanlike manner on or before closing and reported by an appropriate licensee.

But the best method is what I already knew from being in sales: be fair, treat people how I want to be treated, and appreciate them.Steve

Your current tenant could argue they are technically released from any obligation because you are no longer treating the home as a rental.Personally, I recommend you try to negotiate something that makes the tenant happy and gets control of the home back to you as soon as possible.