HUD prefers 60 days, but mine can do 40 or so and be fine.I send a regular notice of rent increase to the tenant and e-mail their caseworker as well.

On the one hand you can see that on the day the transaction was completed they got all The money that was due to them based on the facts of that point, going forward they are not the owners of the house anymore so if we got a tax credit or a tax increase it does not really concern them, on the other hand you could say that they took the effort to do this and since that credit was applied to the year they sold the house they should have a prorated amount based on the months they lived in this house.The second question is why didn't the sellers lawyer contact us directly, as the lawyer we used for the transaction is not really working for us on a regular basis and is not our regular counsellor.

The best way to optimize a profit and increase return to the owner would be to partner.

(i.e. not having to worry about rate increases every 3-5 years).

If it does need a roof right away, ask seller if he can do so at an increased financed amount rather than out of pocket....I think coming up with $12k will take some work on my friends part..   

Need help with adjusted cost basis of this home when converted to rental in 2017 for filing 2017 taxes.With original purchase and subsequent refinances(4 total) there are typical closing costs, such as points, title, recording and other lender fees.I've being doing taxes myself for my personal and other rental properties I own.Here are my questions:1) in addition to title, recording, what other escrow, title or loan related expenses from the original purchase in 2004 can be added to the cost basis adjustment?

Right now the rents may be a little low, but I'm not increasing, because people want to stay.

Also, if they caused an incident, they insurance pays, not mine and I don’t get an increase in premium. 

Generally speaking, increased interest rates means increased Cap Rates which means lower relative prices.

That mark is a less dramatic but still sizable 40 percent increase when inflation is factored in.Annual Report on the Northeast Florida Housing Market