Hi, Matt, I knew what you meant in your first post....Scott, That's one of your best posts as it is very good advice, James had the same intent, lol, but participation should really be made by the well informed homeowner.As I said in another post, the lenders have seen that investors were walking away with money they felt should have been theirs, so here we go again!

He kept showing me that he could see his breath, and he had a thermometer to show me (repeatedly) that it was only 50 degrees inside the house.He also had a temper tantrum because he vacuumed the rug and got 1/2 a canister of "dirt".

Is there a way to avoid some taxes if the intent is to defer repairs?

Do not let this or anything like this step between you and your dream, I actually wondered if you intentionally walked away mad to justify your fear in going there or as an excuse to not go the next step. 

My opinion may be straight forward and not exactly what you want to hear but its with good intentions either way. 

As I said above, most of the residential mortgage market (especially conventional conforming loans) were originated with the intent to distribute through RMBS (Residential Mortgage Backed Securities).  

It would sure stink to have them locked into the property at $1000 for another year if your intent was to raise the rent.Please note that you must give at least one month's rental period notice - so if your state requires a 30 day notice, that doesn't mean 30 calendar days, that means at least 30 days and including one rental period - typically one month. 

Being a new member, thought it would be best to be open about my intentions and offer the community transparency. 

It's a policy that maybe had good intentions ...but has bad results in reality. 

I would like to take the time to introduce myself and my intentions here on the forum.