If the home is sold as a result of the divorce then the credit will have to repaid under the regular recapture rule because the home has ceased to be the principal residence of either spouse.If a residence is forcibly or involuntarily converted and the taxpayer purchases a new principal residence within two years from the date of disposition, the taxpayer will continue to make the standard installment payments on the new residence as if it were the original principal residence.Special Repayment Exceptions for Members of the Armed ForcesMembers of the uniformed services, Foreign Service of the United States, and the intelligence community who dispose of their residence after December 31, 2008 due to Government orders for qualified official extended duty service will not have to repay the credit if disposition is in connection with the government orders.

What is your ability to make payments from your salary if you have a vacancy or 2 for an extended period?

I think the first thing i am going to try is to see if they want to extend for several months so then i have a chance at finding someone in the spring which should be a bit easier.

Also I tried to get the bank to extend the term if loan to 30 yrs but they wouldn't do that.

I'm happy that I found this site an even more ecstatic that members are extending warm greetings and helpful information!

They may consider normal monthly expenses, but don’t include major repairs and the very real possibility of extended vacancies in their calculations of ROI.It is critical for investors to have all of the facts in turnkey real estate investing, to maximize their return on investment and minimize financial risk.

Once you have an accepted offer you can find out when the leases are up and work around the 60 day issue during your inspection period (which you can usually extend if need be).

I have my prices set for material based on what I can get it in Denver so take the pricing with a grain of salt for Pennsylvania.This is actually for a project for a house I'm closing on this Wednesday so please don't pay attention to the duration of each task.

To the extent reasonably available, the Association will maintain property insurance insuring against all risks of direct physical loss commonly insured against, including fire and extended coverage, in a total amount of at least 80 percent of the replacement cost or actual cash value of the insured property as of the effective date and at each renewal date of the policy, for the individual Units, for insurable Limited Common Element improvements, for insurable General Common Element improvements, and for insurable Areas of Common Responsibility improvements, but will not maintain any property insurance for alterations, additions, improvements, and betterments made by, or acquired at the expense of, and individual Owner or a Resident to the Owner's Unit, a Limited Common Element improvement assigned thereto, a General Common Element improvement or an Area of Common Responsibility improvement."

It's amazing how quickly time goes by when there's an approaching due date and no way to pay or extend it.