@James Clifford Thanks for bringing this to my attention. 

So I was wondering... a few weeks ago I received the appraisal back for a Kansas City turnkey property I'm currently buying.

Be happy to grab a coffee with you and discuss.

You mostly want someone familiar with Virginia and New York tax laws so that they will know there is an issue when the states' tax laws are not in conformity with the federal rules.Virginia does have an "Other State Tax Credit"; they require that you provide attach a copy of the other state's tax return to your Virginia tax return and then you will receive a tax credit for your payment to the other state (New York). 

@Ned Carey  Thank you for using my name, this way I received an email.   

What happens when you can not receive the rent and needing money for both loan and mortgage? 

We listed February 15th for $395k, have received 1 offer (after we countered the buyer's literally went MIA.

I received an approval for $75,000 HELOC  at 5.6% for the first year.

If it's on the MLS and it's a great deal, chances are he has received multiple offers and will get it sold at the best possible price.

Hey Everyone,   I am getting ready to close on my first deal Monday and have been reading about how to handle the tenants security deposits i will be receiving.