If the BK was discharged, completed properly, the borrower is excluded from a bankruptcy defense by BK law.

Banks like to think that if they sell it "as is" it somehow excludes them from this responsibility.

Rental income is not subject to Social Security or Medicare (Excluding the Medicare surtax on certain investment income ranges).

OK, @Jon Holdman, if you are going to change the definition of investors to EXCLUDE wholesalers, you may be right.

The 24 months does not have to be consecutive.The 121 Exclusion allows you to exclude from your taxable income any capital gain from the sale of your primary residence up to $250,000 if you are single or $500,000 if you are married ($250,000 per taxpayer).

If your policy is to accept applicants with "income that is 3 times the rent", then define how you interpret "income" (e.g. income is W-2 wages excluding bonuses and overtime) you won't have to deal with tenants afflicted with what you call "absurd" disabilities.

Check out the costs and what the fees include and exclude.

Make sure to provide the sellers disclosure notice of property condition (only properties excluded from this are estates and REO's), and if the property is built prior to 1978 you must include the lead based paint addendum.

(Unless it can be excluded through insolvency).Those are the preferred ways to exclude the debt.

Excluding major Plumbing work and anything electric, both of which I have very little experience and would rather leave to the professionals.