Groetzinger for enlightenment on the trade or business tests.

I need some advice on testing demand in a rental market before I make an investment in rehabilitating my family's rental properties.

I inherited a vacant unit upon purchase and excitedly accepted the first tenant that applied.

I inherited a vacant unit upon purchase and excitedly accepted the first tenant that applied.

@Milton Marcelin if the appraisal comes back under accepted purchase price, either the buyer has to put more money down (because the bank will only lend on appraised value) or the buyer can (and should, depending on the situation) request a price reduction to reflect the value.

Neither one has been tested in court but I assume they are legal/good.I think you're asking if Indiana requires Tenants to pay for certain items and Owners to pay for certain items and if it's mandated here for Owner's to cover certain items in general and if those answers vary for SFH and Multi. 

I'm wondering what happens when you get n offer accepted and go under contract but cant secure financing with a HML.

Accept the 2 months rent, and have the tenant place a 3rd month of rent in escrow. 

I reluctantly accepted the offer as small claims will not enforce a payment and tenant could have appealed a loss and escalated this to superior court where lawyers would be running the show and I would ended up with nothing. 

look at 100 properties, make an offer (usually what feels like an embarrassingly low offer, but has to cashflow) on 10 and maybe one will get accepted.