If I later sell the flip for $200,000, since I am owner, is it fair to write up the listing agreement (that I sign myself I guess) where list side is 0% and buy side is 3% so I do not have any listing commission income and the profit goes to the home.

Seller agrees to notify Buyer in writing of any Defect which Seller becomes aware of after Seller's granting of, but prior to Buyer's exercise of this Option. which is materially inconsistent with the above representations.

You still have the home, you still make the payment, you still get the tax write off, the bank doesn't foreclose.

Let the tenant pay off the mortgage, enjoy the interest write off.

As far as writing off your expenses, you would want to set up an LLC and run everything through that in order to show the IRS that this was a business expense that is eligible. 

Sounds like a good idea, but make sure you write it all down and your plan before you make a decision.

Minimum contents of option contracts; recordation (a) Writing Required. - Every option contract, including any assignment of an option contract, shall be evidenced by a contract signed and acknowledged by...

I will write another post about offers being rejected, losing funding and losing money, agents, building my credit and raising capital.

Either sit him down and see EXACTLY what the problem is and what it will take to finish up his portion....write it up and sign off on it.  

Good morning everyone,I'm writing from snowed-in Philadelphia.