In particular, note the 50% rule.

And a bid of $1500 definitely merits getting other bids.Mike Welch hints at the 50% rule.

Are you comments simply because you are taking a conservative stance or are there specific letter rulings or cases that cover the issue?

Be very careful and make sure you understand the rules you agree to follow.

But if only 1st unit tenant pay utilities you have some probs on winter with expenses I guess.With $26,400 gross income and an conservative 55% expense rule I came to an NOI of $11,880 (10,1% CAP).

There are 3 identical lots next to mine (with motivated sellers) as part of the same development plan.thanksKen

HUD properties have unusual rules for inspections.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

I sent an email to the S.J. Water company, to get auto-pay cancelled on my dad's house that I'm getting ready to rent out. In the same message, I told them about the comments that I'd read about Water Districts putti...

If there are more rental units than in the past, you may want to try to get the screening rule changed.