Jeremy, where in the new RPR program available and can you provide more detail as to what it consists of?

Maybe you could post it here or in a PM to investor(s) you know on the site and have them analyze, in detail, your mailing.

First, I really do appreciate the detailed response. 2nd; in the scenario where there is a mtg. on the house, let's say at 5%, with the original owner, and the buyer signs a CD at 6%, the buyer "DOES" get to claim that mtg. int. tax deduction?

You can google "manager managed llc" to get more links.I don't think anyone should try to do the first one themselves, just pay the money to the attorney and ask the pertinent questions so you understand fully.

J Scott can you go into further detail about the bank incentives?

Ok I've got some more details from the broker-The mortgage is a CMBS loan and the fees to defease are too big.

Also, make sure you run a full/detailed credit check.

In order to receive/access DETAILED/COMPLETE credit report info (as opposed to just getting a recommendation on whether or not to rent to a potential tenant) from ANY tenant screening service, you must have an onsite inspection by a designated third party and pay an inspection fee.

So again, sit down and discuss the details and work them out.

I give them the full list in writing when they see the place (hard to cover every detail in a phone conversation.)