They want to break lease with 60 day notice with no penalty.

Jerry Kisasonak It absolutely sucks, but I have only noticed Bank of America and Wells Fargo are the only ones preventing Trust to purchase properties.

If you haven't already noticed, I'm new here.

I'll offer this partial answer as my guess: Option payments only become ordinary income in the year that the tenant buyer walks on their option to buy, buy moving out, giving notice and you 2 don't have some change in heart and return some of their option.

He gave me the proper notice, but dragged his feet moving.

Hey everyone, we have a tenant who was getting really creepy (like… Really really creepy) so we gave her notice to move at the end of her lease which ends in 2 weeks.

I want to know which of the expense items on my taxes can be added back in as income under the Fannie/Freddie rules in the eyes of underwriters.  

But maybe that's because I am unclear on what a 'rent ready' rehab entails vs a rehab to send to an end owner-occupant.Another thing I found out is that since I wouldn't be going in all cash on this, the project has to be on Fannie/Freddie's approved list for conventional financing or - obviously - I couldn't use conventional financing.

A tenant of mine noticed a sign of mine on a telephone pole and asked me to take it down, thinking I was selling the house they rented, while in fact it was a huge source of leads for three years!

It really rang true based on my experience as a realtor.One thing to be careful about that I noticed.