I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type 

I wanted to offer him about $50K over what is remaining on the mortgage and go through the 60-90 day process to assume the existing mortgage.

Any luck on motivating realtors in the area to actually get operating expenses/lease agreements for Jackson County specifically George?

The boot amount is taxed as capital gains and may also trigger depreciation recapture.For example, if you sell a property for $500,000 with a $300,000 basis, resulting in $200,000 of gain, but reinvest only $400,000, the remaining $100,000 is taxable.

If I buy out the first lender, can I foreclose with the total amount due for both loans combined, or will it remain as two separate loans, with only one being foreclosable?

However, no one at PennyMac was able to provide documentation nor were they able to confirm that our monthly payment would remain the same after transferring to the LLC.  

You have the usual causes like drugs/alcohol problems, mental illness and then you have the working poor who remain homeless.

Hello Ralph,Yes you can used a HELOC from another property as a down payment for a new one, then get traditional financing on the remaining 100K. 

But the real key is to find motivated sellers.

That is the sole motivator behind seeking out these markets and property types.