Simmons, owner of KCS, PC, and certified public accountant for over 25 years, is known for telling it like it is while also educating those who seek to grow and improve their businesses.

In my area, about an hour outside the city, there is a small property on the MLS recently reduced to 40k from 60k. at 40k the numbers seem to work well sans cost of repairs. it's been on the market for over 200 days.

You can do it yourself but you want to tread carefullyThe difference is that the IRS gives a lot of extra scrutiny over arrangements like this because it is very easy to create a step transaction and reduce the arms length nature with the unrelated party. 

The RE commission frowns heavily on anything that fails to protect the public.

They have three kids in high ranking public school half a block away.  

From there you could rent out bedrooms to others while you still occupy the home to reduce your cost of living.

ADA covers public spaces, not a private residence.

This wont work in the west coast (until they catch up with times and go online not only for the auctions but for their public record keeping)2.

. - Your rental history via any identifiable prior Landlords - Credit reports via a third-party Consumer Reporting Agency - Public records regarding criminal conviction history or registration as a sex offender - Personal references. - Verification of employment and/or income (or rental subsidy) amounts. - Public records regarding civil court records. - Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.). - Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

The principal parts reduce your cost basis.