I suggest a Special Warranty Deed, so as not to screw up other title matters and simply exclude the issues you are taking the property "subject to", see your closing agent.

The percentage works out to about 3.35% in the case of this property, which is not very uncommon in this economy.50% rule says that the monthly expenses (excluding P&I) will average 50% of the gross monthly rent.

Do you apply the rule so that "'anything" under $100 they pay (excluding the 45 day-period) and over you pay?

I rent my properties unfurnished and already have insurance on them (excluding contents, as it's unfurnished), but was thinking of including a clause that states its the tenant's responsibility to have insurance for their belongings (contents).

I've been excluding anything with an HOA, etc. b/c I assumed it would hurt the cash flow too much.

The terms of any installment contract will need to be underwritten if it is not an excluded transaction.Three, before you get into a contract, you need to underwrite or assess the ability of the buyer to perform and more often than not, terms, conditions and covenants will need to address issues concerning any deficiency the buyer may have.

The 50% rule simply is that you use 1/2 of that $1200 figure as your total monthly expenses, excluding any debt servicing, therefore, your income is $600 monthly.

Under current tax law, Section 121 of the tax code allows homeowners, who have both owned and occupied their primary residence for fwo of the five years prior to sale, to exclude up to $250K per taxpayer from capital gains (investment income in other words).

Like Bill said they will fee you to death and you will be excluding a the meaty part of the buyer market.

Should I advertise it at a price, INCLUDING the back taxes, or should I advertise it EXcluding the taxes, and tell the potential buyer when they respond to the ad?