Now if that isn't the most thourough message I have ever received!

Do not get your RE education from "pich men", get a state approved real estate text book that agents use to get thier license, read it, it's written for beginners.

My parents didn't want that, so they agreed to help her pay her rent out here on the condition that she wouldn't sell any of her property and they would receive that when she passed (which had actually been the plan put in place by my great, great grandpa long ago.)Sorry if I have come off being somewhat accusatory about your motives.

However, in a rental company the house is a depreciable asset and it would make sense that any amount over book value received from a sale should be taxed at the capital gains rate.

It is by far the nicest home in the subdivision and we are receiving an incredible amount of interest via Craigslist for the home at $1,500/month.

Up until you receive confirmation from the title company or recording the seller still has ownership.If there's a fire over the weekend, is the seller responsible for repairs since he technically still owned the house?

I want to begin a practice where anyone can receive care, even if they can't pay, but I know to do that, I need a solid income to do that.

I also went to GA Southern for a couple years so spent plenty of time in Savannah.The biggest advice I have is to make sure the numbers on any property you find work, i.e. it is anticipated you will receive positive cash flow.

I received 2012 Schedule E.

You also want +20% equity in the property to avoid Private Mortgage Insurance which can be costly.Bill Gulley, maybe he's going for hard money first since it can be much quicker to receive than a conventional mortgage?