My guess is that you aren't sitting on enough cash reserves right now to cover major expenses that might pop up while holding a rental.The other benefit of keeping it in your own name happens if you don't cut it as a landlord and decide to sell.

What doe sit mean to privately place it?

No indication that BOA has taken any action, tho and house has been sitting there for 3 years .

When you sit down with this Realtor (or any other), sign the IABS (Information About Brokerage Services), sign the Buyer Representation Agreement (give him/her 15, 30 or 60 days as a test), provide proof of funds and your complete information and that way the Realtor will know you are committed to buying a property and not wasting his/her time driving around to see houses.

In general, those types of trade lines will have more influence on your score the better they sit on your credit.

If the area is indeed "hot" you will get bidding wars.If you price it too high some buyers wont even look so it will sit on the market lingering, you then start reductions and next thing you know, everyone is wondering whats wrong with it.

Does it sit or does it sell?

Apples and oranges.No bank wants a builder to sit on the asset once completed.  

Originally posted by @Brandon Turner: Here's a $1,000,000 in @Darren Sager 's part of the world: :) @Brandon Turner You're absolutely right if this is sitting in Manhattan.

When evaluating the property to list a broker/agent is supposed to look at what makes up the most value for an asset.So for instance a dumpy house that sits on 10 acres.