You can also think of a cap rate as an infinite series with level payments, or an ordinary perpetual annuity.

What ever he is comfortable with but illustrates that the money is pledged to the transaction with no further underwriting.Additionally, do not sign the note in advance...you don't have the money yet silly.Then manner in which you approached the paperwork is a little out of the ordinary and that might just have the agents and bank scratching their heads.

But it's good to know that it is possible to find that kind of information from real estate agent MLS.Now here is the question can an ordinary person like me can get access to the real estate agent MLS.

The appraisal that was done during escrow does not include the square footage of the sunroom, and refers to it as a "covered patio".

The more hard surfaces around the house such as sidewalks, driveway, patios, etc the more it will cost.

As an example, if you carry a property for over a year and can demonstrate intent to have kept it as a Buy and Hold (Brandon Turner can correct me if I'm wrong), you can take that as Capital Gains instead of Ordinary Income.

Any time you have  rental property, you use depreciation to offset your rental income and perhaps even some of your other ordinary income.  

I come across many properties I am interested in that have an enclosed garage or patio/porch.

Ergo its highly doubtful they report.. what they can do though is issue you a 1099C which will be ordinary income to you.. and create a mess with the IRS.they could sue you for a judgment.If they go the DIL route make sure you have an attorney negotiate out the fact that no deficieancy can be done and that they will not issue the 1099C against you.

Phase 1: Demo/Interior Framing layout walls and rooms. [10 days] Demo whole house/clean up interiorExpand walkway between living room to eating are by 3 feet (install new header)Frame up new laundry area, frame bedroom wallFrame up new patio sliding rough opening and install new sliding patio doorFix water damage floor in hallwayTile bathroom floor and wallsInstall rough electrical throughout house.Install rough plumbing throughout house.Install insulation and drywall sheetrockMeasure windows/door.