I could have gotten physical with the guy after all of that work and no appraisal report.

I am waiting to look at the inspection report, then I will be able to get the ball rolling.

A family member has over 10 mortgages and the commercial short term balloons have always shown up on her credit report.

Florida real estate, so please report your findings if you can.Thanks.

Might be worht looking into, although i have no personal experience in any of these places-The report is by The Case-Shiller index which is considered by many to be the best gauge of national and metro real estate values.The biggest home price declines are in the Rust Belt, while prices are holding up in the Pacific Northwest and in areas of the south.Here are the 20 cities ranked from worst to best appreciation:Detroit, down 9.7%Tampa, Fla., down 8.8%San Diego, down 7.8%Phoenix, down 7.3%Washington, down 7.2%Miami, down 6.4%Las Vegas, down 6.1%Los Angeles, down 4.8%San Francisco, down 4.1%New York, down 3.8%Cleveland, down 3.6%Minneapolis, down 3.4%Boston, down 3.4%Denver, down 0.7%Chicago, down 0.9%Dallas, up 0.7%Atlanta, up 1.2%Portland, Ore., up 3.8%Charlotte, N.C., up 6%Seattle, up 6.9%

You can also use QuickBooks for ACH, online bill pay, download bank statements, e-mail invoices, statements, reports which will save you hours, and paper.

In other news, I hear that Kobe is about to be traded to the Bulls and that AROD has opted out of his contract with the Yankees, and wants to be paid less but will take part ownership from whomever the new owner of the Cubs are, in order to come play for Lou P again here in Chicago.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

Our local paper reports renting is up over a year ago driven by foreclosures.

BPO = Broker Price OpinionA BPO is when a lender sends out a real estate agent who determines an opinion as to the value of the property and reports that value back to the lender.