Do we just have escrow write us a check for the 25% of the proceeds after the sale, since that was our primary home portion? 

Be sure to document any changes in writing and have both tenants sign the new agreement.

Of course like any large project there was ups and downs but I don’t want to write a book.

Once everything checks out i would also suggest checking with builders risk and homeowner insurance that they will be able to write a policy during construction and after.

So far I've had about $27k in depreciation write off over 10 years. 

Find some that look interesting, write them down, find the contact information using a tool online.

I am looking at buying a distressed 1/1 coondo and turning it into a 30 day rental, and am about to write my proposal. 

Hi Jayson, In some cases it can be a great decision.Take a look at the cost of capital the HELOC or refinance is going to give you compared to what you are looking at now.Also look at the income generated/write offs/appreciation that a rental property is going to give you.If it is going to yield you positive results, I say go for it!

In this part of the market cycle, newer vintage assets, median incomes of at least 50k, washer dryer hook ups, more two beds than ones, townhome style assets.When the broker showed us the deal we didn't have to waste time analyzing it.

The AZ law about wholesaling requires real estate wholesale sellers and buyers to disclose in writing the fact that they are acting as a wholesale buyer or seller in any residential real property transaction.