I had a client who actually decided to pursue converting the house to a boarding house to avoid any problems in the future.

The fix-up and increased value will not matter to the IRS as long as you sell within a reasonable time frame of the house passing into the estate.

Here are 5 reasons why taking part of a good deal is ALWAYS better than 100% of no deal.1.

I actually used to live in the area and self-managed all my properties while I was there.

Is there a demand clause where they can call the loans for no reason?

Actually, you may not need to qualify in the second year.

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

How many Due on Sale clauses have you actually seen enforced?

@Liz Lynn Great example of a reason to do your own DD first rather than depending on realtors/others.

Most will work hard when they are doing the capital call (a few of my deals did that) but some actually called to discuss the situation.