Such an agreement may not have interest, it may only finance 7% (3% under that viewed in taxable even, it may not be amortized it might be lump sums toward an option over any agreed term, thereby not meeting those aspects identified by the IRS.I agree with Bill W. that what may be in the mind of a Circuit Judge could be influenced by almost anything, including not having breakfast that day, but there are long standing finance regulations referenced in the SAFE Act for determinations to be made under the umbrella of financing regulators.

Like is a hot and cold line got reversed or a bad circuit etc. if your getting a loan on the property then the appraiser needs to do a 442 for the lender and everything needs to be ship shape.

When repairs exceed a certain dollar value and when changes are made like adding an electrical circuit or moving a wall or moving plumbing, like rearranging a bathroom as examples.

Is it a deal breaker if the realtor is unable to do this?

I want a year round rental- this rental says academic year.Also if there is a deal breaker I know about it I tell them upfront.

Same with electric, just have them set the meter, but leave the main breaker off.

To say I have master things no way, but I am getting a great education and makng money while doing it.Paul gave you some awesome links as well just dig in and you will defininately make your way around the RE Circuit.

Last night the appraisal came in ahead of my first deal. The property was valued at $153,000. My offer was $178,000. The 2010 appraised value was $172,000; rent has increased and they've made improvements to the pr...

Only negative I can think of is you'd have people who living near a cemetary would be a "deal breaker", but there are tons of other things that can be deal breakers also.

Is it an old fuse box system or a breaker box?