The number in that suit is likely to reflect your net worth in some way.

So yes, your wife will roll her larger amount to your 401K, and the 401K will reflect that it is her money.

I’ve seen the biggest annual condo increases happen due to new developments (starter fees, then jumps to reflect actual expenses) and after major storm damage (can’t control that one.)

I have two questions about doing a sub2 deal.When writing the contract and the seller is just selling for the price of the existing mortgage an delinquent taxes, how does that get reflected in the contract for the transfer taxes?

Is your competition house reflective of all rental houses that size and price point or is that house an outlier?

(A recorded trustee’s deed or similaralternative confirming amount paid by grantee to trustee may be substituted for a HUD-1) Preliminary title search or report must confirm there are no existing liens on thesubject property Sources of funds for purchase transaction are documented If the source of funds used to acquire the property was an unsecured loan or a loansecured by an asset other than the subject property, the HUD-1for the refi transactionmust reflect all cash-out proceeds be used to pay down, if applicable, the loan used topurchase the property.

I didn't mention the other comps both closed in May, so they are a very recent reflection of the value.Mainly I am unsure where my offer should fall.

My parents are loaning us the bulk of the money for acquisition/rehab and have asked this so reflected on a Deed of Trust.

If your offer doesn't reflect the highest and best, the judge likely won't approve it. 

And thanks for sharing your reflections on your first deal.Here's to many more!