Also, my CPA filed the income as 'short-term capital gains', and after a bit of research i've seen that my income was suppose to be reported as standard income, or is that not a big deal?

It essentially allows them to pass the financial responsibility to someone else without going through a foreclosure or short sale process.How Banks Get Involved: Typically, in a "subject to" financing deal, the existing loan stays in the seller's name, but the deed transfers to the buyer, making the buyer responsible for the mortgage payments.

All a timing benefit, but does provide some short term relief to free up capital to continue to invest. 

Inform them that you've forwarded everything to your attorney, and they will be in touch with you shortly.

Fast forward to April 2024; we are both back working and would like to start setting ourselves up for more opportunities. 

We are actually in contract on a property right now.

We would love to network and meet our future partners 😉  We are interested in wholesaling for now, but open to rentals wraps and sub tos as well.

We are still in the process of this as the city has been a little difficult to work with.

We have them sign extension paperwork with specifics on new rent We do not typically provides specifics, other than to let them know we are adjusting to be in line with the market

s very short post was quite clear.