Just refers to them as "out of Pocket expenses".PROFESSIONAL PROPERTY MANAGER REQUIREDThe properties in this loan must be managed by a professionally licensed property manager.

When the time is right, ill be sure to reference this.

You are referring to purchased equity as opposed to equity earned through appreciation or other methods.

Depending on the Asset Manager, they might let you add a name after the contract has been accepted Account Closed Yes you can just not turn in the contract, however I would not recommend doing that on a regular basis if you are planning on doing a lot of business with HUD as I believe(No proof) that I do receive bids on some of their older inventory because I do have a track record of closing on these as a Broker/Investor @Wayne Brooks I agree with Wayne that as a Broker I do not waste much time with blind offers as most of them are just fishing and a waste of time.

I don't understand the UPB references within the thread.

The allowance is an additional deduction you can take after any section 179 deduction and before you figure regular depreciation under MACRS for the year you place the property in service...."

Does he have a reference to some law to back up that claim?

Our company does although I am not sure about the regular nature of the inspections.

I've been emailing an attorney that was referred to me by a reputable investor in my area and was wondering if $500 for up to 4 hours of work is too much to be paying for his legal services?

I'd refer her to an agent that regularly does short sales.