Originally posted by @David Keys:How many properties would you have without a partner? 

Someone that can help to reverse the deed back to original owner.

Hi all, I am an investor and realtor from Calgary (originally Sask).

The assignment did not release the original contract purchaser from liability unless the seller expressly consented to the assignment and fully released them (a novation, in effect)… which is not part of the fact pattern.So the agent is right.

Hey Tammy - I'm originally from Madison.

I’m originally from NYC and I’m currently working overseas for nearly 10 years as a Construction Manager and have been enjoying my time here as well as my family (and the tax benefits too!!).

From Excel, I originally switched to QBO, but I had to do quite a bit of finagling to build it properly for my use as a REI.

So this is actually fairly straightforward... 99% of houses don't make good rental properties - your original primary will not make a good rental. $2900 (mortgage payment) - $2500 (projected rent) = -$400 (monthly cashflow).

There is nothing in the original post that stated the resident's situation was anything like yours.  

I still made a ton of money net, from original cost basis to after splitting things unfairly.