Would ordinary income include my W2, stock dividends and interest income? 

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

I've been in the real estate game for over 20 years and have done my fair share of transactions, including condos and multifamily properties.

This includes not doing the termite inspection.

Including financing strategies and cost of operating.

Consider what type of ex-convicts you will take (including gender and crime).

In my area foundation issues is common so it's something to include in the numbers.

There is a great neighborhood map of Cleveland posted somewhere on BP, but it doesn't include much of the East or North side.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Some section8 vouchers only cover 50% of the rent, while others include 100% + utilities!