I do not know that the distinction is relevant, though.Ultimately, I guess I am trying to figure out how to dissolve an inherited LLC that owns properties without incurring taxes on the properties. 

I think location and bedroom count would be more relevant to the type of rent you would receive. 

Well, if the creditworthiness of the borrower is relevant, it's not a true hard money source.

This can be done through the Advanced Forum SearchWe've also improved the relevance of the site's people search, and will soon tackle the Articles and Blogs.Again, thanks for the suggestions.

Typically because of HOA issues, too many units owned by one person (often the developer), or too many rentals.Rent is not relevant because you won't be able to consider it in qualifying for the loan until you've had rental income on two tax returns.A $126K price (no doubt plus some rehab) with $2800 a month is a good deal.

Your questions are relevant to the process, so I'm going to attempt to answer them here.

I can't find my notice where I informed them of the new payment methodI reviewed the Texas Property Code Sec. 92.019 governing late fees and I don't see anything relevant.

It's dated, and some things have changed, but a lot of the concepts are still relevant today.Like I said, a good starting point.

Its relevant to me because there are 3 duplexes I will be visiting and if all goes well (numbers work, inspection passes etc.) 

Somewhere down the line, someone decides to buy this home, whether they found Nick on their own or whether he advertised it (the former more likely because I would want some cash to walk away from this very good deal for me) isn’t really relevant.