It was a very sound investment, but like many first time purchasers, I was contemplating a check coming in every month rather than fully examining a long term picture of my goals.In the current economic situation I am not a big fan of excessive leverage.

You will then file your tax return and claim a refund of the excess withholding once you take into account your expenses.SO if your Gross income was 12k.

He will pay tax on net profit to NC and then he will pay anything in excess of NC tax in NY.NV is irrelevant other than an extra filing fee.

If they default or cause damages in excess of the security deposit, who do you collect from?

the 3k annual insurance quote seems excessively high for a $74k property....  ?  

. -- (1) A landlord may not impose a security deposit in excess of the equivalent of two months' rent per dwelling unit, regardless of the number of tenants

However, the (outside) perimeter of these vents do need to be sealed well as a bad seal here allows water/moisture to infiltrate into the building envelope (insulation/framing/finishes).As to the ventilation fans/ducts going nowhere, that's a concern. this means hot moist air in the house is NOT getting out - a contributor or genesis of mold and other problems.Hope this helps!

So I think there's a natural thief of some of your "excess" future cash flow..Anyway, I'll get off my fixed-rate pulpit.!.

It's full of mold, there's moisture in the walls, it's been there for months, she's made multiple complaints to us, we refuse to fix it, etc....She went as far as to call and make a complaint to the town health department.First off, NONE of that is the case.

If there is some excess, you, as the former owner, will get the excess.