Truth be told not exactly the best (typically late, noise complaints from my other units, parks in grass, etc) I've just found out that she had someone move in who is not on the lease, and also has a pet who claims to be a service dog with legitimate papers. 

Justin,I'll also add that where some may take a conservative approach to this and say it may be deemed "unenforceable" by some judge due to an attempt to circumvent the law, I disagree completely.First, it is legitimate.

If you want to start a company thats another thing but only start it if it's a legitimate stream of income not just to save a few bucks.

I'd like to talk about this topic with everybody because I feel its a legitimate problem.

Sounds like I should get a dozen cats into the unit and let them "fight fire with fire" - then I can legitimately tell the renters these are cat smells... brilliant...

I am confident it is legitimate.

However, since the arv is below 4100k, the rehabber may in fact need to get this a tad cheaper for it to make sense, and he/she may likely use the 65% rule which would be $80k X .65 - $20k repairs = $32,000 max.Since you have it locked up at $29,400, you do have a spread of $2,600 up to a spread of $6,600.Structure is your next hurdle since this is an REO, the contract is not assignable so you will have to either double close, have locked this up in a trust or entity of which you can sell to your buyer, or add your buyer to the contract and then quit claim off (not the best avenue at all).Your comment of placing this for sale at $50,000 will likely yield you ZERO response from any legitimate rehab buyer.

MLS realtor listed.Maybe by an e-bay auction or actually giving it to a legitimate non online based auctioneer you can get a better idea for what you could potentially fetch for the property.As far as "IF " you should sell?

Any corporate income not legitimately expensed for business purposes is then expensed as salary.

Let's be cordial and respectful to people who sincerely don't know and who ask a legitimate question.