“The agencies continue to expect institutions to underwrite residential mortgage loans in a prudent fashion and address key risk areas in residential mortgage lending, including loan terms, borrower qualification standards, loan-to-value limits, documentation requirements, and portfolio- and risk-management practices, regardless of whether a residential mortgage loan is a Qualified Mortgage or non-Qualified Mortgage,” they added.The regulators also said they didn’t foresee any lenders running afoul of the Community Reinvestment Act should they decide to issue only qualified mortgages.

The best way to get business and it goes against what you will hear through social media and other technology driven mediums is the old fashioned way.

I invest through an LLC, so my interactions are limited, but transactions are processed in a timely fashion and their fees are reasonable.

I think all of your questions have been answered, but I thought I would weigh in here.First, keep in mind that tax-free is always better than tax-deferred, so I would recommend that you sell in a timely fashion so that you can take advanced of the $250,000 tax-free exclusion under Section 121 of the IRC.You can always reinvest in another primary residence or another rental property after you sell, if you so choose, but you will have locked in your tax-free gain.

You will need MLS access in some form or fashion to pull comps.

Still, it’s good progress and a testament to what persistence and good old fashioned networking can do!

The glass had been taken out and wood put in its place, and it's rotted and looks terrible.However, it seems like it'd be pretty expensive to put a hole in my foundation to vent that way (my other properties vent this way).My contractor suggested modifying the new basement window in a similar fashion as it was before, but he'd make it look better.

Outside of the IRA you can mingle proceeds all you want, but your accountant may not like it if you are not systematic in some fashion.  

. :)Bill,I am prohibited from using my High School picture due to the lapse in fashion sensibility in the 80's.  

Not to say it can't be done, but you'll likely find yourself doing things in a very suboptimal fashion -- which will have tremendous impact on both your budget and your schedule.My best recommendation is to find an experienced developer in your area, and offer to partner with him on the deal.