I would be surprised if there were not usury laws in all states that place a legal limit on the interest that can be charged on loans.

About your mortgage, it depends on your state laws, but usually you are both on the hook even if one of your names isn't on the mortgage.Item 2.

How lead law is enforced seems to be very state specific.

In my opinion, that borders very heavily on violating fair housing laws because sex is a protected class.

All kinds of agreements can be reached in RE related areas as well.We also kick around many legal aspects of RE in the forums, financing issues, landlord-tenant law, title issues and other things that can get you in trouble if you're ill advised.Most in RE that I see on BP are new, I'd have to say getting legal advice in forums is a big mistake, while we may have seasoned investors who have been doing things for years, we all fail to keep in mind at times that all RE is local.Most seek advice as they seem to think they can't afford an attorney.

In Chicago, the southside has an area called "Englewood" which leads the city in murders, violent crime, etc" Chicago also is the murder capital of the US (despite the strictest gun control laws in the nation a discussion for another day).

Based on your situation, not collecting rents, using it as an in-law suite, you likely can take up to 500k profit without the 1031 exchange.

I recommend getting a good tenant lawyer before you do any rent raises or anything else in Oakland if you're not familiar with the laws..

That is Florida law and falls under the Statute Of Frauds.

Short Sale will dry up even more if the Debt Forgiveness law is not extended.