In fact the SDOT states that the sale shall be conducted at the steps of the county courthouse....A question, it's common for the Trustee to sell the property at foreclosure, as contained in the (HUD) Residential Standard Deed of Trust.

After some time rebounding and now maintaining a responsible living standard.

It's pretty standard for people to assume 1 month vacancy (i.e. 8.3%) in their calculations, so I'm curious how this compares for vacation rentals.

This should be part of your standard due diligence process.

With your approval contingent on the tenants agreeing to and passing your standard tenant-check process.

The standard contract we use in Florida has very specific languages on who's to pay for what...CLOSING COSTS; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS:105* (a) COSTS TO BE PAID BY SELLER:Documentary stamp taxes and surtax on deed, if anyHOA/Condominium Association estoppel feesOwner’s Policy and Charges (if Paragraph 9(c)(i) is checked)Recording and other fees needed to cure titleTitle search charges (if Paragraph 9(c)(iii) is checked)Seller’s attorneys’ feesOther:106 If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at108 Closing.

As @Steven Hamilton II says the land is never depreciated.There are some components of the land that could be depreciated, but are typically not itemized as such.For example:Trees & shrubs have a certain life span and destroyed over timeSidewalksDrivewaysUnderground pipesSeptic systemsParking lotOutside light standards

I know that lease agreements vary from state-to-state but do you have to include a clause within the lease agreement that utilities are not included or is that typically the standard?

So for example, a taxpayer that lost timberland property used for logging could not replace that property with a parking lot and qualify for non-recognition under Section 1033.Property that has been condemned enjoys more liberal treatment, and instead of being judged by the “similar or related in use” standard, is determined by expansive definition of like-kind similar to that of Section 1031.

With more stringent banking standards imposed by the international regulatory body, the Basel III, many industry insiders say, “No way!”