I just uploaded my newly drafted lease to the FilePlace, please take a look and give me your feedback.I believe I attached it to this post, but if not, here is the link: http://www.biggerpockets.com/files/user/kyle930/file/Residential-Lease-Agreement-pdf

In fact, he is one of the main reasons I've changed my views on "debt" - lock in fix rate debt attached to high yeilding asset (rentals).

Could also be the case that it is in a condo/PUD/townhome/attached community and there is more than a certain % of NOO properties.

You are NOT selling the property you're selling the contract that allows that buyer to purchase at that contract price.That means that fee is in no way attached to the transaction between the owner and end buyer, the owner is not entitled to the option assignment fee.

I'm torn... as an investor, I am not emotionally attached to the house (beyond it being my first, you know men and our firsts!)...

If theIRA LLC is the sole purchaser of an investment, then the IRA LLC creditors can only attach the amount within the IRA LLC, not outside of it, ...Am wondering if real estate in a 401k would need similar protection from LLC.

This house has a second apartment, or mother in law suite, attached to it.

Well Tyler, If the home has a big emotional attachment to you and you family, I would not sell it.

Send the 1040 and the schedule e and attach a note that shows your AGI + depreciation = income to be considered for loan.

Check the box on line 8c and attach a statement to your tax return.