Ideal tenants are young professionals or grad students at NC State, unit is a small 2/1 but in a really fancy location and within a mile of NCSU.  

Nothing fancy though, $1.78/sqft from Sams club if I remember correctly.

Room size, bulb type, fanciness, etc.

They have nicer clothes and buy their lunches and fancy coffees.  

If you have lived there at least 2 years, you don't need to do anything fancy for taxation purposes, the capital gains on your primary are already tax free up to 250k for single and 500k for couples.

With a very well paying job I just concentrated on saving as much as I could but now find myself mixed up in a bunch of things....The first property I bought was a fancy 450K penthouse condo which was great for the 5 years I lived there.

My first broker was a successful young man who portrayed an image of success very well; he had multiple million dollar listings, had his initials stitched into the cuffs of his dress shirts, owned a nice car, boat, and a helicopter, .

Additionally, but not to make it more complicated of a discussion, tax issues can arise with equity sharing and improper contingent interest.I might even come close to saying someone who does agree to what, IMO, is a bit egregious of loan terms is likely not a good project to lend on as an undertone of desperate might be at play.There is more of "something" to be said to keep things simple opposed to fancy or exotic capital or finance structures.

josh, to my knowledge, code enforcement won't be able to do anything about rap music being played, or thugs hanging outside, bc the truth is that if these were handsome guys dressed in polo shrits and khakis it wouldn't bother people--sorry if that's not PC enough for some people. you can't discriminate agaisnt these people bc they dress like criminals, (although i'm so perplexed how they manage to keep their pants from not falling to the ground lol) so yes, code enforcement may be able to do something about the cars, but that really only solves a part of the problem..they can still hang outside on their property.

http://dealbook.blogs.nytimes.com/2009/05/14/credit-suisse-dressed-down-over-yellowstone-loan/If Chrysler’s secured creditors think they are getting rough treatment in bankruptcy court, they should consider what just happened to Credit Suisse in Montana.In a ruling that crackles with outrage, the judge overseeing the bankruptcy of the Yellowstone Club, a mountain retreat for the super-rich, took the rare step of lowering the priority of Credit Suisse’s secured debt, putting it behind even the claims of Yellowstone’s unsecured creditors, like vendors.