Otherwise, you just may have to disregard the rental income and prove you're otherwise qualified to take on the mortgage of another home.

Although I wouldn't disregard anything on an independent report, If you would like for someone to go by there, I could arrange.I'm not sure a roofing contractor is needed.

But on the final settlement statement, it shows that the amount I sent to the title company was $110k (let's disregard the title/escrow fees, etc., for the sake of argument).Case 2: I draft the purchase agreement at $110k, and in that contract, I state that the seller will pay off his $60k lien at closing.

If not and you are in fact looking to flip, disregard my response below...I can maybe understand why this agent proposed the agreement as such, but don't agree with it.

Please disregard this response, edited after re-reading.

@Chris Coleman IRS has ruled that a single member LLC can be a member in an S corp since it's disregarded for their purposes 

I don't know where you got the idea to hold your personal residence in a "holding company" that most likely will be a disregarded entity with absolutely no tax advantage over holding as your personally (as in your own name) owned residence...

Your assumption about the NOI disregards vacancy, which while it is currently occupied, will eventually become unoccupied and you will spend 1-2 months touching up interior and re-renting.

Disregard.

About an hour later she sends me an email from her personal email address that she is confident she can get in the 300's and that our offer is too low and she completely disregarded my request to move forward with a formal offer.My question is, does she have an obligation as Executor of the estate to present all offers?