Options are a different animal, if they constitute a financing arrangement then the buyer takes that part as may be allowed, usually I set the seller up to take the deduction as residentials usually won't be as involved as a commercial lease/option arrangement.

@Chris Ryan One thing you will deal with if you have had a tenant of 12 years is that there are probably a lot of repairs that need to be done that will not constitute wear and tear.  

A single such act is sufficient to bring a person within the meaning of this chapter, and each act, if prohibited herein, constitutes a separate offense.They did pretty good on the language, but this "for another" talked about above is an interesting concept that I need more time to research.

I don't believe that this post constitutes the offering of a deal, as outlined in the BP agreement?

OWNER and BROKER further agree that enforcement of this provision is appropriate through a temporary restraining order and/or injunctions and permanent injunctions, notwithstanding any rights under the First Amendment to the United States and/or Texas Constitutions or other codified statute, regulation, or code and that any party who prevails on enforcement of this provision, whether for monetary damages or injunctive relief is entitled to recover attorney fees against the other.

The entire office park that makes up Constitution Plaza has A LOT of open office space as well as the rest of the city.

Here's what the law says in Michigan:R 339.22319 Licensure required for owner of real estate engagingin sale as principal vocation; acts constituting principal vocation;sale of real estate owned by broker or associate broker; licensee toreveal ownership or interest when selling property licensee owns orhas interest in.Rule 319. (1) Licensure as a real estate broker is required of anowner of real estate who engages in the sale of real estate as a principalvocation, unless the owner engages the services of a real estate broker.Acts constituting a principal vocation include any of the following:(a) Engaging in more than 5 real estate sales in any 12-month period.

Do you know the reason that the founders put gun ownership in the Constitution?

I hate to state the obvious but...You must always consider the lead source if the leads appear suspect....I've heard of probate leads, absentee owner leads, I'm curious what constitutes a motivated seller lead?

Reinvesting profits does not constitute a deductible expense.