And the other items, as Bienes Raices said give you firsthand knowledge that he is not a tenant you should approve.

Be sure to do a hold open on the purchase, which will reduce your title insurance costs when you sell.I didn't go through the math item by item, but the calculations look about right to me.

., audit a return and assess an additional tax)6501(c) lists exceptions:6501(c)(1) False return - no time limit for false or fraudulent return with intent to evade tax.6501(c)(3) no return - if no return was ever filed, there is no time limit.6501(e) If the taxpayer makes substantial omission of items in the return, the time limit is 6 years.26 USC 6502 Collection after assessment - the IRS has 10 years, from the time tax was assessed, to start collection efforts.

I can see how the tenant would want to get paid as soon as they got their last item out of the house.

All of the items you mentioned would be deductible.

Based on the numbers there are 3 main things to look at as others have mentioned.1) Get a lower price.2) Get a lower Rate.3) Get a longer term.I personally would focus on the items in that order.

Aaron, there is not enough info to post a great response, but here are my initial thoughts.Always fix critical items first and cosmetic items last...anything that can cause additional damage and expenses needs to be adressed first.

When I finished my closingThere is an attached rider ( 1-4 Family Rider, assignment of rents) to the deed stating that Covenant Item 6 of the Security Deed is deleted.The rider says, unless lender and borrower otherwise agree in writing, Section 6 concerning Borrower

Bill, your post above is good, helping to explain some of the items in Dion's post.Your post just above this one, I was not looking for how to calculate my return, I know how to do that, but thanks. rather, I was looking for confirmation that in the example, such a large return in a short period of time, resulting in a high ROI would be well worth doing, speaking from the small note investor side of the coin.

They have a nice "virtual office" with all the forms and items you need, and a conference room if you need to meet with clients or close transactions there.