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Visited the same relatives again, this time in VA.

If you make a net offer that you think gives you $5K in profit, but you've neglected $5K in transaction related costs, your profit could disappear.Have you every bought or sold a house in TX?

I note that Rentometer.com has a much more conservative estimate for rent than zillow.com, I'll be looking at its data more completely tonight.In the meantime, how do you decide on deposit amount, relative to rent?

This turned out to be a relatively painless fix, but it taught me a valuable lesson: Always assume half of your revenues will go to repairs, maintenance, and other expenses.

An attorney friend suggested that things might get murky if I refund the original roommate's security deposit and accept the new roommate's security deposit when doing a sublet (she doesn't handle property though and is a relatively new attorney).

A home office deduction is based upon the square footage of office space over the total square footage of the home including basement.You may deduct miles related to a rental from property to property.

Bank will likely not make repairs or related concessions.

If he doesn't black out the price, I now know how much he's making, and that factors into my decision to negotiate and how.If he blacks out the price, I'm fine with that and will negotiate based on other information relating to the deal.

There are many threads relating to this subject.