That's the law in my state.

I'm not sure about the law in your state but in Texas your earnest money should still be in escrow awaiting the completion of the transaction.

I just finished my first weekend of it and breezed through the first exam, because it didn't cover much more than simple definitions and fair housing laws :wink: .

Hopefully, no one here is near that low level of wealth but Congress passed a law allowing for a 5 year lookback period to determine eligibility for Medicaid.

State laws usually dictate accounting rules for managers, but you wo want to know all of this up front.

article=3976-1This new bill is a major change in Ohio tax law and can put a hurt on your bottom line if you are a major player in the state of Ohio.

I bought it at discount and I am probably going to hold onto this one, I like the rent laws in florida.

In some states (like Virginia) if you own over 4 rental properties, at least one of which falls inside certain counties in Virginia, you are subject to the much more restrictive Landlord and Tenant laws.

Only the transfer of the property to the Land Trust is recorded so that the owner of record becomes the trustee.By law a bank can not interfere with the transfer of a property into a trust.

Also there could be a lot of risk for the owner if the contract looks like seller financing and the tenant/buyer stops paying rent and it goes to court they could state because it is seller financing the Landlord/Owner has to foreclose instead of evict which is much more expensive and timely and in real estate time is money.A lease with the option to buy or Rent-to-Own is a better way to go for all parties, we use the Association of Realtors Lease for our state to make sure we follow all of the laws of our state to protect all parties and usually do up to three years, any longer and it could be considered seller financing.