According to the strictest interpretation of the tax code, the person with the mortgage has a relief from liability (income) which should technically be accounted for and taxed either through a basis calculation adjustment or through an adjustment in their profit percentages or through a straight separate income reporting on the tax return.  

Below is the link if you ever need their help w/ Disaster Relief & Recovery Services:https://www.redcross.org/find-...

@Cory Lucas making the first mortgage payment always brings relief.

Is there relief for rental property owners?

I have done it once and can do it again.Kyle's experience and my own shows that it is possible to obtain relief from small claims court, and that you can represent yourself.

"What a relief from the having to communicate, schedule and pay for the service and today I think a super cheap dishwasher is about $500 with parts plus at least $200 to $300 to change.

You might check out the Soldier and Sailor's Relief Act as active duty folks (not the family) can break a lease and seek mortgage relief while away and you get nothing.

It appears the seller's hot button is to not have to make repairs and relief from the mortgage payment.

Hopefully we can both breathe a sigh of relief after then.

Paperwork was signed, big sigh of relief, drove back home saying we would laugh at this some day.Next day I wait to hear whats happening.