They get Hudson & Marshall for free plus some great benefits, like a personal account representative and they don't have to pay an auction deposit.

That accounts for the huge difference in the P&I which financially straps the property after refinance.

You should talk with an accountant and a lawyer (I am not one), but for tax purposes if you take any distributions I believe they count as income anyway.

Depends on your resources Account Closed and your goals. 

Originally posted by Account Closed:I'm wondering if anyone can help me with this question. 

I think it is better than auction.com because we do not have to pay bid deposits and get a dedicated account representative to boot.

It is being fully understood that except as specifically set forth herein, Grantor has made no warranties, express or implied pertaining to said property, the condition thereof including but not limited to, matters relating to environmental conditions or hazards on the property"Then later on its says " We are the sole owners of the premises and have good right and title to convey the same in manner aforesaid, and that they are free from every encumbrance, except as aforesaid and WE hereby Warrant and Defend the same against all lawful claims....."

Account Closed  Thanks for the big welcome! 

And most importantly- hire a dang accountant!

Can anyone recommend a reliable accountant who does taxes for investors?