Your house became a rental property and should be reported as such, using Schedule E on your tax return.

View report*This link comes directly from our calculators, based on information input by the member who posted.This deal is available, but the sellers are asking for $28,900 and are looking to sell soon, so they can take care of their mother who had to move from that house due to old age.  

That's why I'll enjoy looking back at this post in the next downturn when this hits the news. 

On your homeowner financing loan alternatives is to show them the math on paper that shows them the extra profit and the possible tax liability spread out for several periods instead of showing they will and have to report it all in the next year end tax preparation and the savings that they might get. 

However, the inspection report revealed issues with roof and foundation issues, even though this property was built back in 2005.

hi @Jim Pellerini believe it is alive and well, no reason to think otherwise, especially regarding lending and qualified mortgages using RMLOsthe news is about small and medium bank regs

Im assuming 99% down would be fairly accurate as that would be a sign that there is a mortgage reported and therefore the 100% equity default isnt in play.

It seems to also have the small town feel and some good development happing up there as well: http://www.burlingtoncountytimes.com/news/20171228...

While looking at inspector report, I noticed that 1 of the bedrooms does not have a  closet. 

The stress and anxiety is taking a toll on her.I'll wait to for the report and  results of the tests that the the industrial hygienist is doing.