This is south FL, and I feel like the general rule is that if someone isn't trying to scam you right now they will later (sad but true).  

If we are playing by the old rules, you will receive a 1099-G for $1,000 to be included as income for 2019 tax year.

Does the 1% rule hold true for Multi family in regards to rent vs purchase price?

Indicate in the lease that the standard rules and possible violations are subject to a 30 day out so you can remove them as if was a monthly lease?   

Can you lend in Northern Nevada backed by Fannie Mae WITHOUT overlays under the new 2017 student loan rules and projected income via the 75% rules WITHOUT any landlord experience i.e.

Are there any books that describe in detail how to become the middle man and set up some rules (e.g. the selling price) even if in person dialogue between both persons (potential buyer, agent) are between them only?

Just to be clear, you are asking if you should (a) walk away with $20,000 or (b) take a multi-year 100 point hit to your credit and potentially be sued personally for any outstanding debts that aren’t extinguished by the foreclosure auction (depending on the rules in your jurisdiction)?

There are also exceptions to the rule as well which one needs to consult their tax pro on.

Great neighborhood, that’s where I live but not ideal for REI..Most apts are Coops the majority of boards won’t allow you to rent and if they do there will be restrictions..SFHs, Multis or Condos prices are very high, it will be difficult for positive cash flow every month..

They said these were their internal rules and I got confirmation from multiple people in the bank.