@Aaron Klatt Thanks, my concern is that a judge would Interpret the grace period term different than me and have a problem with late fees charged on the wrong day.

(i.e. a non-Realtor® would be under no obligation to disclose the status or end date of any contract with a potential seller. for more information, see case interpretation Case #16-7: REALTOR®’s Refusal to Disclose Nature and Current Status of Listing to Another REALTOR® (Revised Case #21-13 May, 1988.

If you sell this quickly  and try to do a 1031 you're running the risk that the IRS interprets that you built the property primarily to resell. 

Learn how it is calculated, and most importantly how to interpret it. 

And apologies to anyone who was interpreting this as the end-all-be-all of whether a couple percentage points would keep someone in or out of a market. 

HUD Issues Problematic Rules Interpreting SAFE Mortgage Licensing ACTHUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator.

That said, I really can't give any advice on interpreting the credit reports other than as stated by others, it is one tool.

Actually, this simple question has a complicated answer, like so many things in this wonderful business.I interpret your question as, "should I accept an applicant that had a bankruptcy"?. 

When you say, "The market value appraisal indicated that their share of rent should be $925" that sounds like an unusual interpretation of what you get from an appraisal.3.

Under most judges' interpretation of the law, currently, you must have three years of exclusive possession of the property after the tax deed date before you can quiet title.