The tenant that left should simply try to coax his deposit from the other two, or the one moving in.

Once I did some shopping around and found a broker and insurance carrier offering good rates, I've simply renewed each year with the carrier.This year, the broker notified us that one of the lenders (WFB), who has a fractional interest in one of the four units, is demanding that we double our liability coverage.Given that the lender is not paying the premium, and that they only half a partial stake in 1 of the 4 units in the building, what legal rights do they have to compel the HOA to seek out a higher premium and double liability coverage?

I had good jobs and made decent pay at it, but hated having a boss I couldn't walk away from and I REALLY hated sitting in a cube and doing meaningless work.I voluntarily left that world and entered RE at a pretty darn young age.

Real Estate Services do have specific definitions, and usually involve those things required to effect the sale of the property, not just bringing buyer and seller together.If, as a bird dog, you are simply finding a property and bringing it to the attention of someone else, and not involved with negotiations, or "performing real estate services," that are needed to actually transfer property from seller to buyer, there are no laws against that.If I'm wrong, here, I'd love to read the statute that requires a license to say "Hey, Joe Investor, there's a vacant house on 13th Street.

I think their issue is that they view my initial loan with my aunt as a cash out refi because the HUD settlement statement says I paid cash for the purchase.I tried explaining that I paid with my aunt's cash that was loaned to me - as evidenced by the mortgage note - so it was not a cash out but they simply don't want to budge.What is frustrating is that they had the original HUD settlement for over 2 months and never said it was an issue.

You can opt to undercut those prices, maybe simply do an 8% fee.That will get you in the game... and put a little cash in your pocket.

I'm by no means an expert, this is simply what I have read and heard from various sources over the past year.

Would it be easier to find the house, assign it to my buyer, and simply make the loan?

If you are not taking in any rent you may consider this a second home and deduct mortgage interest and real estate taxes as if it was simply a second home.That would be why they cannot depreciate it.In some cases such as additional depreciation allowed on business(non-rental) assets you may take additional depreciation the first year.To summarize:They will not be able to depreciate it unless they are in a for profit activity.

Why not simply get the home appraised and do an FHA at appraised value, giving the bank 3.5% down and completely eliminate the owner from the equation?