I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.

I could show you what we are doing although this is the last week...I am looking for a tenant if you have a good one.

If anything, we are seeing unprofessional operators get weeded out by the laws and competition.

We are getting off topic.

We are running into a roadblock of him getting approved for a loan.

I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.

I think like Russell does, its the same but instead of complaining about a stubbed toe we are complaining about a broken fingernail. 

We are currently living just south of Boston and are looking to purchase a 2-4 unit property in which we would live in one of the units.

Beyond that, real estate is largely local; in my market we are not seeing anywhere near those numbers.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.