It's a 4 bedroom house on a small footprint and I maximized lumber and plywood to eliminate scrap.I got the proposal back and the number for all the materials in the house was so low by using excess inventory it's crazy.

Aside from the fact that HML's charge points and higher interest rates, the biggest difference is that they are licensed and as such, can charge rates in excess of state usury laws.

Because the hobby loss rule was enacted specifically to address concerns about excess expenses deductions in farming, the hobby loss rule applies without exception to farm and forestry situations.My original example of the tree farm was specifically geared to demonstrate a legitimate business that would trigger the presumption under the hobby loss rule, but which could potentially justifiably rebut the presumption under the hobby loss rule....I think there was a disconnect somewhere along the way....

Prudent lending practices, not just secondary market guidelines, require lease-options with rent credits allowed to be viewed in light of fair market rents being assessed and only amounts paid in excess of fair market rents be credited for financing purposes.While you can agree to rents of $500 per month and credit say $200 toward the purchase, lenders won't accept the credit unless the fair market rents is assessed at $300 a month or less.So, what you have with agreements drafted in such a manner are two parties who agree to a credit thinking that $200 is being credited, say for 24 months allowing $4,800 toward the purchase price of say a $50,000 house.

If you are offering to sell her property to someone else for a fee that is the acting as a real estate agent.2) In the off chance you happen to have a RE License so acting as an agent in itself isn't illegal the structure you have proposed sounds like what would be called a "net listing" (the commission on the sale being the excess of a certain price) which is often illegal.

The cheapest new developments are starting in excess of $3M an apt!

There was no mention of a commission in the offer.There were a few issues I had with the offer: they wanted a month to inspect, which I felt was excessive; since it was USDA financing, which could take months to close, I asked if they could put more than $500 down; I asked what would happen if we didn't close by the closing date (I always had a penalty on offers I made); and I changed General Warranty to Special Warranty.

If it's 70 in the house and in heating mode, you should be running air in excess of 100 degrees depending on the type of heat you have.

Tell her that you want to get your lease in-sync with the summer rental season (that is your privilege) and you will renew it with her in late June for 8/1/14 - 7/31/15 assuming there are no problems (late payments, problems discovered in June walk thru, excessive drama etc).

I live in New York City but have been recently made aware of Rochester NY as a place where SFH and MFHs can be purchased sub-50k and command rents usually in excess of 2% per month of the asking price.My question is, are there anythings about Rochester you feel are worth while knowing about before more seriously considering investing there?