Very competitive on price.Chimney: Chimney liners can be installed by furnace installer and are not cheap, labor intensive.  

You don't need to be a real estate professional to claim depreciation, only to claim passive losses beyond the threshold that applies to others.Even though I work out of my home, I don't claim a home office deduction, since it seems to be an audit trigger, and I don't want to expose myself to that much hassle.

You might as well start with rent to own because it's less management intensive (since you have no maintenance & repairs calls), you get better quality tenants (since they put down $5K or more and hence, have more to lose if they decide not to pay the rent), and you accumulate that $5K reserve that you can use in case of vacancies.3.

I am really sick of lawmakers that have no regard for rights and leave it to the judges and lawyers to work out if it is really legal or right. 

That didn't work out.

Is there a way to work out with the tenant?

Try and get as much from them as you can and I'm sure things will work out for you!

It's an hour's commute away, but it's growing pretty steadily so it might work out for us.

The individual and I will work out all the numbers, but again, they already know what the bank is selling it for, what interest I'll have on the loan, etc.

See how the numbers work out.