@Jane Z.I see that you're in Georgia and the late fee does seem to be excessive, since there are few properties that have extremely high rents (like San Francisco does).

Although, I won't fight too much about giving up control of the day to day stuff as long as he/she continues to use the maintenance people and contractors that I have sought out and with whom I have negotiated for extremely reasonable service charges.

The beauty of those deals is you can list them while their paying the mortgage.For example, a wholesaler picked up a duplex at auction a couple of years ago when the market was extremely soft.

I came home for lunch and had unknown and extremely rare condition in my spinal cord bleed.

Also I didn't know they had investment conventional loans they sound like they are extremely hard to get in this 'jump through hoops for finance market'.

Sorry to rehash an aging thread, but...I have an extremely wealthy friend who owns nothing but his home and an office space as far as real estate goes.

I'm thinking about dropping a few bucks on some xmas lights to string around the front of the building, and up the staircase to brighten things up for the holidays.About $30 for a decent amount of lights, and I assume the electricity isn't that much for the tiny little lights..

Account ClosedOr another way of looking at it... if there is a cap rate of 10% and the expenses just rose $11,000 per year in increased flood insurance premium, then the value of that property just declined $110,000.I would be EXTREMELY cautious about buying any flood area property as the costs are slated to rise in successive years per the law, and I would be looking to get out of any flood property now before rates increase every year down the line.There is the possibility of getting a personal flood certification that shows your property not in the flood zone, but that costs money and must be accepted also.Another alternative is to raise the property.

While Canada has no gift tax and Shahriar could technically "gift" any amount to his relative in the U.S.A. without tax implications at home - the transaction(s) would still be subject to U.S.A gift limits and taxation - he would not be investing at that point and could never "legally" accept any form of capital repayment {gift disguised as a loan} or profit from the gifted capital.The Canada Revenue Agency (CRA) takes an extremely dim view on loans disguised as gifts and, at their discretion, decide that the gift was really a loan or investment and treated as such from a taxation perspective.

This is extremely risky.