Our apartment complex had a policy packet that was 16 pages,, included everything , also had a page with moveout cleaning charges like clean the stove was $125.00 , missing blinds were $35.00 for window, 85.00 for patio, clean window were $15.00 each for example.It gave noise requirements, where to dispose of trash, what was acceptable for trash, and listed charge for any large items left like couch was $50.00 to dispose of, mattress $25.00 box spring $25.00 so we were covered if they put any large items out.It covered roommate changes to lease, what a lease buyout fee was, how to pay your rent, how to give proper notice, late fee charges, charges to change lock,, how much lock out charge was to come and open your door. 

How does your units size, fit and finish, (and any amenities, BBQ, Patio, etc...) compare with similar priced units within a 20 minute or so drive? 

It has a patio and bedroom, garage, off street parking places and even a pool!

Hello @Fabrice EliacinAn ordinary purchase and sale agreement will do.Now it must allow you to assign it i.e it must include terminology that gives you"and/or assigns" the right to purchase the specified property and a contigency clause should you fail to find a buyerCAUTION/DISCLAIMER: do your homework to build a buyer's list and work hard to market that deal in the specified time.Also read up on articles and blog posts here on the particular strategy as many wholesalers have received bad name due to recklessness of others

Hello BP, I have a dilemma and would like your commentsAs an example, I have a house that I purchased and renovate for all in cost of $60,000, then sold it owner finance for $100,000 with $10,000 down and finance $90,000 for 25 years @10% interest, My old CPA took the down-payment $10,000 as ordinary income, and the gain of the $40,000 note was spread it out for the next 25years, so at the end of each year I only paid  what I earned My new CPA is telling me the $40,000 note has to be paid as ordinary income of 35% the first year and every year after just pay interest income, and the other method was wrong.

I want any opinions of Stefan Aarnio and his book "self-made - 5 secrets that transform ordinary people into self made millionaires".A little backstory, I went to a local REI group in Winnipeg, Manitoba, Canada and he was the host of the event. 

I save 15% of everything I make and have used most of my earnings to upgrade my fathers kitchen, bathrooms, and we recently just added a stone patio with a fireplace in the backyard.

2) I believe from the threads I've read so far I think we would be taxed at the ordinary income rate but just want to confirm.3) Here is the tricky part.

Ifthe need for repair is a result of damage done by Tenant and/or their guests,and not that of ordinary wear and tear, Tenant agrees to pay for the repair.  

I'm in Tennessee so can't speak on the specifics on some of the standard closing costs in New Jersey, but nothing looks too out of the ordinary.