Pretty nasty, imagine what it would be if nominal mortgage rate jump by 5%.

I bought the vacant lot for a nominal amount (~$450. or so) adding a minuscule increase to my annual taxes but giving me control of the immediate area.  

It's on sale now for $100/year, which seem pretty nominal to me.

The job gets done faster, with less oversight, fewer material headaches, and I don't feel the need to go back and double check every connection like I do with a handyman - no matter how good he seems to be.My plumber will, for a fairly nominal fee, provide labor and small parts for hookups.

.* Do you transfer over for full amount or nominal fee such as $1 If I transfer it over for a $1, when I goto sell, is my cost basis $1Sorry for the many questions..Am new and feel comfortable with the property thanks to all the posts here but now having a hard time figuring how to structure this.

Then add in the nominal value of the homes if park owned homes or $3k in this case.  20x $3k = 60k   So I got $465k.  

I do want to raise the rent a nominal amount at lease end($20-$25), just to secure a bit more cash flow. 

Most don't and the failure to issue could result in a nominal fine.The burden to report the income irrespective of a 1099, falls onto the backs of the former homeowner.

As a result, most landlords in Utah do not provide washers and dryers.The way around this is to lease up the place without them and offer them to your tenants for a nominal fee on a separate lease.  

. - I'm nominating you as the man to organize those threads.