We have let him stay for free for the last 8 year's basically supporting him, with a verbal agreement he would fix up the place.

I'm particularly passionate about Long term rentals but want to explore other aspects as I learn.Outside of real estate, I am a tech nerd and history nerd.Excited to learn and connect with you all!

And the last line of your post confirmed that.

Good day everyone,Long time reader, first time poster here.

Again, please read thoroughly the statutes, they should outline if you must or not keep separate, of course interest or non interest bearing, etc… As long as it does not specify “where” you keep the account, you should be able to put that in your brokerage account.Here in Florida, we can’t commingle accounts and must reconcile each month.

It's a long process and an uphill battle in your position.

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

Can they prove how long it takes to rent a vacant property?

I did some brrrr’s out of my geographical area a couple years back, and I’m starting to regret it.For one a person is at the mercy of the Contractor long distance.

As long as you are living there, it shouldn't matter.