So we are actually in need of 2 leases, i want one for the SFR that covers specific items like the tenants responsibility to maintain the landscaping, and one for the Townhome that covers things like "abide by the HOA rules or you are violating the lease". these are relatively minor differences but very important. so my question is........should i look to buy the package from BP and go to a lawyer to tweak that lease?

The tax is not your responsibility, but knowledgeable IRA investors will want to see the relevant numbers reflected on their K-1s. 401k investors do not present this issue, as real estate acquisition indebtedness does not result in UDFI to Qualified Plans.

Hi Josh Stack Troy Williams and Omar Khan I appreciate your responses and input on this situation.

The ability to make a positive difference in my community by striving to provide clean, safe, affordable, comfortable and quiet housing for responsible renters.There is a severe housing crisis in many parts of the country.

Thanks for your response!

1) I'm a HUGE believer in personal responsibility and this was an awesome learning experience.

As the mortgagee, is he responsible in any way if something happens with this house? 

Tag me with your response and I will answer again. 

Thanks for such a amazing response, as you mentioned i am trying to connect to people and get educated by reading and learning from others mistakes also.

Depends if the auction site is responsible for the towns occupancy certificate timelines.