This way the IRS will receive the 1099-S and identify the transaction as occurring within the tax-sheltered plan.

My management corp has two accounts so far: one for the deposits and one for everything else.I'm keeping track of every subaccount on an excel sheet.I will probably open also a savings account for all the capex provision and year end tax.

(f) to leave the premises in the same condition as it was received, subject to normal wear and tear, as its condition permits.

I was told that the state/government would be willing to pay market rent value for your property and in most cases it is more than what you would receive through a private or traditional tenant.

@Andrew Alpsteg You should not have trouble receiving financing with FHA given your credit score (FHA was made to help first time home buyers, your credit could be as low as 580).

I have my clients fill out an Excel financial statement.

I recently sold a property (in an excellent location) because the market there was extremely hot, rentals were softening due to apartment construction, and there was lots of cap ex looming. 

If payments are brought current and they (the bank) are receiving their payments every month there shouldn't be any problems.

Pay the rent and the clock will stop.If no rent received in proper time, we go to court and file. 

Anyone have a really excellent, investor friendly broker who is not afraid to make offers in Kansas City?