Glad to know that there are many more investors than anticipated prior to coming onboard BP.

Obviously this is what secures the prior owners financial stake in the property.

I've been a raving fan for years and have converted several other landlords to QB fans who were prior users of competitor's software.

Maybe have a bigger project going and need some quick cash for that.If you have secured at least two cash buyers(one for the deal another for backup) prior to securing the contract, you have either closed deals with them before or you have their verifiable proof of funds with escrow account info regarding the EMD from them and the property fits their specified criteria to the letter its most certainly a sure win...then I say go for it.

Hopefully you tried to get yourself removed off of any accounts prior to the divorce.

However, one of the tenants saw my car that says "I BUY HOUSES" and said that her mother had passed away 7 years prior and there was a house involved.

Property records (to learn of prior owners) as well personal records.

@Steven Hamilton II(ii) Exceptions The term "period of nonqualified use" does not include—(I) any portion of the 5-year period described in subsection (a) which is after the last date that such property is used as the principal residence of the taxpayer or the taxpayer's spouse,If I interpret this correctly, it sounds to me that the period of rental use during the five year look-back period prior to sale might not be counted as a period of nonqualified use.

If 1 of every 10 homes was a flip at 100% increase over the prior purchase price, then it adds about 10% to index price gains..

.- Establish reasonable fees prior to tenant move in for move in/out damage(we are townhouses style), administrative fees in maintaining tenant information.- Minimum of 12 month lease terms.- Can't rent a unit until a year after the sale agreement.- Can't own more then 3 units(144 units of condos and townhouses).