Essentially he has been collecting rent in cash and then not reporting it on his corporate taxes.

Last year was the worst for new-home sales on records that go back nearly 50 years.This great news for investors with patience.

Phillip--did you get a inspection report on the property you bought in Memphis?

If it's not a structural issue, you need to decide if the cost to fix will be recouped on sale, or will buyers be okay with issue (assuming you hand them the engineering report that says there is nothing structurally wrong)?

I saw a report last week that the inventory for sale in San Antonio has significantly decreased compared to last year at the same time.

Thanks, Jon, for the advice - Would the termite inspection report and the regular home inspection report be enough to determine all the repairs that may be needed ?

If the agent told you the offer was submitted, but then you found out it wasn't, report them to their broker or to the Real Estate Commission...this type of behavior shouldn't be tolerated.Then find a new buyer's agent.

I doubt it, but wanted to check to see if there was a loophole.On solo 401ks, is the self employment income that you can contribute from, limited to whatever you report on schedule SE and pay self employment tax on?

The good news is you know where he is a seller.

What if the seller could get the deficiency waived, have it reported on their credit as satisfied instead of a short sale and have the 1099 waived?