Consequently, the lender cancels $75,000 of the landlord's debt.In light of this situation, the IRS Chief Counsel provides guidance indicating that the foreclosure constitutes a taxable disposition of a significant portion of the landlord's interest in the property.

He is month to month and we could easily provide him a 30 day notice.

Housing providers now required by law to offer lease renewals to tenants, and other major impacts of HB 24-1098.Grace Property Management is not an attorney firm, and this is not legal advice.

Hey @Tim Kubiak - Congrats on jumping on BP and getting in to the real estate game!

The monastery there was given large tracts of land in the early 1800s to provide schooling to the rural (at the time) areas of Charlotte.

I suppose this is just part of the game where volume matters most to find the ONE right deal.

Your brain will eventually tune out the smell after a day or two - not a game changer for most, but the brain eating amoeba in the lake was, and I know many who now swear to never swim/boat/ski there again. 

@Alex Hunt thanks a lot for the info provided.

Also if it is a 30/360 for 365 day amortization that can provide different payments. 

Transitioning from single-family residences to multifamily properties, particularly those with 2-4 units, is likely to result in a better cash-on-cash return, provided they are acquired at the right price.