Ned Carey Thanks alot for your time and input..i meant get documents from the attorney and listing agent..So once i come up with all of the Fees to get the ball rolling I know all the steps to get a deal done?..

You have to elect for it to be treated any certain way.http://www.biggerpockets.com/forums/12/topics/76052-simple-taxation-questions

Thats what I meant Bill. lolAnd focus on year round driven pre law and pre med type of graduate students.

Flipping meant re-sale with no rehab, usually to an investor buyer, but not always.

It's the HOA's fault for electing someone who made a dumb decision.

As much as it humbles me to have to agree with Bill (Just kidding, Bill) I have to agree with Bill.He's right - one, you have a contract for deed and your view, or your contractual agreement that you can elect when to turn that relationship into a mere tenancy and treat it as such, may not fly - probably won't fly.Bill is right again, (man, this is painful) that landlord/tenant court will smell quickly that this conflict is not for their shop, and push you down the hall to civil court.Ok, now Bill is right again, in my opinion, in that you need to see Mr.

By paperwork, I meant BoA is listed on the mortgage documents on microfiche When I looked up the court records.

Hi Mike Hurney When I said "drop" I meant that I just dropped them in the mail so there hasn't been enough time to adequately judge the response rate.

A single member LLC is taxed as a disregarded entity unless an election to tax as a corporation is taken.

There are 2-2car garages, so I can rent the 1BDR's for $500 and the 2BDR's for $600 Income: $2200My ExpensesTaxes: $373Insurance: $75Water: $220Trash: $42Gas & Elect: $280Maintenance: $108 ($325 per unit, per year - I just picked that number)Landscaping: $25 (small yard, less than 10'x 20', mostly winter snow removal driveway & walkway)I got these utilities by getting rates from a sister property that is fully occupied and has the same layout.