Further, the court rejected the servicer’s argument that the release of personal liability stated in the primary loan documents extended to the subordinate loan: it took issue with the fact that the primary loan documents did not reference the subordinate documents, and speculated that the servicer “could have easily included the language in the subordinate loan documents” in order to show that it was not attempting to reaffirm a discharged debt—especially after the debtor voiced “objections and concerns.”

Jon may be referring to the same thing above.  

@Wayne BrooksOops - clarification: the purchase price value of $1.3M refers to the price at which my landlord bought the properties. 

Additionally, as you scale up, you’ll hear references to doing work that is $X / hour and if you can earn more money doing something else, you should pay for a contractor.

For future reference I talked with my accountant today he here is my summary of the discussion.  

Can you be a little more specific like give us the numbers on the deal you are referring to.

To recap: Be extremely cautious with flat fee MLS sites that only refer business to other agents.Bonus PointsYou should also consider the ease of use of the flat fee MLS listing provider, for example, can you complete everything online?

My out-of-state agent tells me this is normal for the neighborhood but I see iron staining all over the tubs and toilet and can't imaging a tenant being okay with this.  

This is in reference to federal taxes.

Be sure to only use a lender that has references.