I have a 4 bedroom bi level mother/daughter house that has a small 1 bed room ground floor apt and 3 bedroom upstairs that under normal circumstances I could rent the 3 bedroom for maybe 1350 or 1400 tops.

Never offer a promissory note that you cannot redeem according to the contract terms.There are also circumstances where the seller provides the earnest money deposit, instead of the buyer, but that is an advanced topic for another discussion thread.

I have seen circumstances where a property gets recalled or recended even months later.

Most neglect to change it so it will continue to populate to other sites so they can have individuals call and inquire about the home with the intentions of lead generating.

I just don't want to have to get into eviction because they neglected to look, so I was trying to think of a way to keep things pleasant and avoid all that, but I suppose uprooting someone from where they live is always just that.

Jerry neglected to give Scott Costello's BP profile link, where you can see his, um, profile ...http://www.biggerpockets.com/users/scostell

Well, after all the congrats I received, I just know read an e-mail from my buyer stating that due to unforseen circumstances she (the buyer) would be unable to complete the sale.It's been just over 48 hours.

With a rental house, you have to address things quickly or the tenants will neglect little problems until they turn into big ones or just move out.

Inspect the home to see if there is any there was any maintenance neglected and make those repairs.

The Mortgage Debt Forgiveness Act of 2007 was implemented to allow homeowners, under certain circumstances, to avoid the tax bill for this forgiven debt.