Therefore, when you are to buy a home that already has tenants in it, you can't "kick them out" per se, but rather, you "inherit" the tenants upon purchase.That being said, it is common for a buyer to negotiate a term with a seller to have the tenants out of the property at closing.

I am down in SE houston area.

Quite frankly, as a SE Michigan investor making money in Real Estate, I'm getting tired of people beating up on Detroit and Michigan here on BP.

Well without knowing what your goals are and your overall financial picture, I couldn't answer per se for you.

The bank saying they wrote off the loan does not mean the lien is extinguished per se.

Hi all. My name's Ed. Long time lurker, second time poster (I wasted the first one on a political discussion elsewhere). Basically I'm in my early thirties, sitting on enough for a healthy down payment, but I'm going ...

Cindy in a chapter 13 it sounds like the buyers used an attorney to file instead of "pro se".Pro se means the buyers are filing on their own behalf.

Not really to the level of a "business" per se, more self employment, but I adjust claims.

You will then pay tax including SE tax on the profit.I highly recommend contacting someone who can assist you in preparing your tax return.

-StevenI think I overwhelmed her with all the documents, a complete set of books & a 118 - 125 page returns.She had a very difficult time understanding how I do business & the number of properties held.I still think the audit was primarily initiated to nail me with SE taxes, which is what I ended up owing.