Instead of accepting the cost of their stupidity, they contacted a local newspaper and managed to get it to publish a story about how banks and trustees are terrible people costing innocent people money.

Here is an excerpt from my published article ...Risks for Syndication Sponsor:For one, the sponsor of the real estate syndicate operates under a fiduciary duty with their investors, which bring about a heightened level of responsibility.

It is definetly a conflict of interest and this has been published by several attorney's in several states.There is a way you can profit on every transaction either through a commission or proceeds and stay out of trouble.

Caveat: TDSML interpretation is subject to final HUD ruling/interpretation which they expect HUD to publish sometime this Fall.

Stated: Previous addresses on application match previous addresses on credit report, application filled out completely/correctly, specify # of instances and how long ago criminal activity needs to be, no bankruptcy in past 3 years, not turned into collections (you effectively have this), no evictions.Non published things to look at: smoker, pets, has bank account, has lived at previous addresses for over 1 year, roots in the community, not fussy, how long indicates plans to stay, how well their desired move in date aligns to your date, has sued or been sued.

Not only does this require you to do some due diligence on searching the whereabouts of the deceased person and their heirs, it requires you to present the motion and publish certain advertisements in a legal publication and local newspaper.

The rent is payable to your personal name and deposited in your account.

The Orange County Register published an article by me on that topic.

It would seriously take you about 5 minutes on Google, or searching here on BP to find what is payable as capital gains on a property.Edit to be helpful.http://homeguides.sfgate.com/calculate-capital-gains-tax-rental-property-7333.html

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee. http://codes.ohio.gov/orc/4735 Originally posted by K.