IMO, you won't be headed to jail if you sell an covered property on a contract for deed/note, some 25K deal, but you will lose the deal and your collateral, this is a standard outcome for various lending and collection violations, loss of principal and interest as well as the security.

Being held to a higher standard if you mess up (hasn't happened yet, but I'm only human).

(not in it for the $$$, just to get into the market, PROBONO work)2. my accountant said I can't deduct any of the work I have done on it... b/c I am not generating any INCOME from it.3. in PA, I can't even management it if I don't have BROKER license (thank goodness for POA (power attorney)these are things I didn't know til after...I have another investor waiting (again a family) but I really don't want to do another probono work..... so I am getting my license now.Make sure you have in WRITING the 50/50 split, and that you have Power of Attorney... or open an LLC with both your names on it, and by it that way.we haven't decided to buy/hold/rent or sale.....my investor is pretty much hands off..which is nice bc they are out of state... but even still, "too many cook in the soup" can happen, b/c it is their 100% money and their property.without the POA...I have no say in this deal.

The listing has disappeared from the web site where you had to submit offers to.My agent had called and got the standard reply "the bank has all the offers but has not made a decision".How long does it take the bank to make a decision?

Your standard state contract is assignable by default; or2.

A real estate puddle is when prices are below value according to traditional, conservative investing standards.

Something with a high deductible will give you the best rate.

Most inexperienced property owners deduct only taxes and insurance.

I figure my IRR with 2% appreciation annually is about 8% (I deduct for for large rehab costs at exit).

Can these expenses be deducted from profits we have from other rental properties we own?