And declared bankruptcy at least two years ago.

If I'm 60 years old and have debt, I will declare myself a loser.The bottom line is that if you sleep better with no debt, that is the right choice for you.

I'd also think how you declared the expenses would have a lot to do with how the return was initially viewed.

Getting a copy of the seller's previous 3 years' tax returns where he/she declares their revenues and expenses to the IRS, and3.

. ;)PS - it appears I've declared myself a landlord.

Had we leveraged the house, we would have likely had to declare bankruptcy or do a short sale - which would have had killed my ability to invest as I rebuild my net worth.

To fail to declare the loan and to claim that the cash is your cash would be mortgage fraud.

ISTM a MAJOR portion of the inner city was declared a Superfund site over this issue.

I always ask the homeowner for a declaration page. 

-Marcus :lol: I am no attorney, but as long as you disclosed that your a licensed real estate agent to the seller prior to signing the contract and because your a principal in the transaction, you should be fine.As part of your signed disclosures, you should have the declaration your an agent.I agree with Nick...