And still further, if you have a good paying day job, you may already be hitting the limit for social security tax.

What do you do if you inherit a month-to-month tenant with no security deposit?

Some stick to regoions.My note investors purchasing guidelines required the transaction to be commercial and the note secured by commercial property. 95% of the note investors I know of will NOT do residential simultaneous closings because of respa concerns and rightfully so (min of 3 mo seasoning.)

Appraisers must be certified, so while anyone can "appraise" a property, it will not be able to be used by the bank or be official.

Looking for a knowledgeable real estate attorney in Chicago; our office really doesn't have an attorney officially so can anyone give me a few recommendations?

Karen Margrave welcome officially to a job you've already been performing exceptionally.

A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.

Never give them the keys until they give you the first months rent and security deposit in CASH or cashiers check.2.

In this case, you’re likely pooling money and forming a security.You really ought to talk to a securities attorney about the proper approach.Jeff

But if I can secure a house (contract) for 2-3 months i would be interested in finding a buyer just like a realtor but without paying remax and the brokerage, that's 100% of the (commission)/buyer willing to pay x amount more than contract amount. .