The LLC that you refer to defaults to partnership treatment since there are multiple members, so the taxpayer that wants the credit is not the owner, the partnership is.

Men, as we can see, really don’t spend as much time feathering the nest so as a result we see that contrary to popular belief, men really tend to follow the female’s lead.Generally speaking, you’ll find that men don’t pay much attention to draperies, window treatments, flower boxes, state of the art appliances, Jacuzzi tubs, well-lit bathrooms, large closets or floral patterns of any kind.

This was after the seller had termite treatments and replaced a tiny bit of wood, and had all the drains replaced.

If I suspect termite damage I start poking stuids and sills with an ice pick and call our local termite treatment guy.

So, those types of sellers are unlikely to give an preferential treatment to a cash buyer.In short, it's really going to depend on the seller and their situation, but in general, up to 5-10% discount is about right in my experience...

The correct income tax treatment of a seller credit to buyer for closing costs is a reduction of the seller's sale price, so it would not affect his/her capital gain treatment.

They expect a government handout while they drive cars that look better than mine, get expensive hair and nail treatments, and generally sit around all day.

But I take your point.I'm guessing that the townhome qualifies for the "2 out of 5 year" rule for preferential tax treatment which is one more reason to sell it now.I don't like being a long distance landlord, I sold all of my rentals before I moved 200 miles, so I wouldn't keep it unless you KNOW you might move back and re-occupy it.Your math analysis is correct.

However, in the last year and with the agreement from my uncle, my mom's sister quit claimed her interest in the house, due to my mother being the one who cared for my uncle all those years.My uncle (her brother) as been sick for about ten years from (stroke, cancer etc.) and my mother has taken care of him without pay for allmost ten years.

Many people WILL pay regular income taxes on the net income you earn, but others will receive passive income treatment.