I too have been educating myself for the past few weeks and am putting together a short yet effective plan.

If any of you know of a good lawyer who can help get the tenant out without him having any grounds to counter sue, that would be helpful.

Maybe you aught to change that policy effective immediately.Kudos,Mary

That money has no effect on any medicare eligibility, but If she (or the rest of you) want to eventual have medicade paying for her housing, the proper procedure is for her to spend that $52K first.

Do you have a lawyer on your team that that deals with holding funds, witnessing documents and reviewing contracts?

Second, some REO sales have deed restrictions that effectively eliminate the opportunity for a 'wholesale' deal.

Plus, more importantly, you will want to have connections with many people to make your launch into real estate most effective.

Have been building my team...Lawyer - Check, Realtor - Check, still looking for the contractor, accountant and mortgage broker.

I also new the most effective way to communicate to the target market.My business plan was a great success.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.