And yes, retain your attorney fees from the security deposit.

I do agree with you that based on what is available nearby, $1,600 is likely the safer number to go with.Lastly, I think there's enough clearance to build a driveway, but it would require a retaining wall and would push my rehab numbers beyond what I can comfortably do right now...My back-up plan if cashflow ends up being too low is to 1031 this property into a duplex or triplex. 

The post above suggests that the LLC/partnership retain sufficient cash to pay the taxes and then distribute the cash left over to the partner that wants to cash out. 

@Chris Bounds what's happening here is that the system retains whatever you've typed in the reply box.

I was referred by a fellow Investor.I met up with an Attorney and I got the feeling that they do indeed understand Real Estate from the investors point of view.They do double closings, assignments, etc.only drawback is cost: They require an Upfront retainer of $1,000 and subtract your legal fees from that.The double close transaction fees they quoted me were high too.

A Filipino who is married to an alien retains their Philippine citizenship, unless by their act or omission they are deemed to have renounced their Philippine citizenship.

These recommended states have been found to have the least convoluted claims process, accept third party finders, avoid physical court proceedings, and primarily will not require extra monies for retaining legal representation and etc.CONSCOURSE:Webinars, Content, and Docs.My Opinion: The Webinars and Content dates back a few years.Some are long and drawn out and redundant.However, the documents needed to accompany the claim, seem to be kept up to date accordingly.COURSE:Recommends not working the overages program in your state.My Opinion: Why not?

Retaining a REALTOR is going to divert some legal liability because they will be handling a lot of the paperwork and pointing you to other RE professionals.

We would then share this information with the Vendor and proceed to Close with sufficient funds to address the highest estimate retained in escrow.  

The contract, option or installment sale, depending on how it is executed may not take anything away and the owner retains all rights.