If a broker/ agent isn't analyzing their time for maximum potential then they are failing running an effective business.

Additionally, you have a signed lease already in effect, security deposit, and first months rent.

I had our HVAC guy I have been using look at it, he said it is 12-15 years old and to repair them is pretty much wasting money as they are going to be band-aids and possibly not work at all.

. :) It is for me so i don't waste my time getting it under contract and trying to find an end-buyer, where no one will be willing to step into that much negative equity.

Short sales in particular seem more immune to the potential effects of cash vs. financed portion of the deal.One word on condos - it is tougher to get loans, and you have to either do your own or pay to do diligence on the HOA.

The net effect is that it reduces self employment tax from 15.3% to about 5.1%.By not commingling the two types of income, you'll also reduce SUDA and FUDA as well.I would get EIN numbers for each LLC.

Through 2013 the Mortgage Debt Relief Act protected owner occupants but that expired at the end of last year so I've yet to see how that's going to effect sellers this year.

Yes, it might have cost $100 or so for heat and wasted water over the week that the home was vacant but my bill for the plumber was $750, not to mention the sheetrock repair and carpet cleaning.He said that just shutting off the water would not have prevented the issue because there would still have been water sitting in the pipes, waiting to freeze.

Not only does this waste my time but it makes me nervous that they're going to get cold feet and back out.

Transferring a property to an LLC is common practice now a days and doesn't effect their rights given in the mortgage at all.