So it's not my job to hold the buyer's hand.It's sounds line one of these cases I hear on court TV, like Judge Judy.

@Andrew Judy Welcome Andrew! 

@Judy BeebeConforming loans… fha 3.5% down, conventional loan 5% down and in certain cases as low as 3% down.  

Although I had to do some title searches in your neighboring Mineral County and it's much more difficult to navigate there than here without a name and or at least the situs address. 

Judy Solis

The real risk investing with a non-spousal partner is no partnership agreement or contingency , thinking it will all work out.Until you are in front of Judge Judy and find out you invested with an ex roommate and have no legal protections.  

@Judy A. 

Anyway, what I think about the story is a lot of, as Judge Judy would say, "who shot john". 

@Jennifer SchelkopfBryan Henry Judy yelvington Becky Easley

Either way, most of the time it requires reporting and disclosure on your 1040 annually.That said, if your only US income subject to taxation is US situs rental real estate, it's not likely that you'll get a refund.