It's a fine line and gray area about this, but with everything I've ever done, it is officially illegal to pay a referral fee to an unlicensed person.

You’ll need to submit 2 out of the 4 documents - driver’s licenses or state ID, homeowners tax exemption, bank statement dated within 30 days, or official payroll documentation dated within 30 days. 

. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.

Consulting with a contractor or local building official is advisable to navigate compliance with safety requirements while optimizing your renovation project effectively

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

@Terrance Coleman congratulations, you are officially now part of the 6% club. 

It's great to ask these questions in the forums to get a feel for things but it's not a substitute for getting "official" advice from an REI-savvy tax pro that you have hired.Regarding what to deduct versus what to capitalize (and depreciate over time), your tax pro can walk you through that for each line item.

If the seller is unwilling to negotiate, walking away could be a wise choice to avoid unforeseen expenses and health risks.

Hi,I'm wondering what the official term for this type of deal.

The home inspector was concerned with moisture issues and any evidence of decay, not the health implications of mold.