There are way to many threads on this forum about this topic.However - if you go to http://www.realtor.org/fedistrk.nsf/files/testim_hr1728_042309.pdf/$FILE/testim_hr1728_042309.pdf you can read the actual testimony of the head of the national association of Realtor - while he supports most of bill he specifically calls out the portion on seller financing as a concern They seem to like 90% of it like most others.And Tony - didn't your lawyer tell you not to worry about this bill - just as mine did?

Whenever there are multiple names owning the deed, you will need to get all of them to agree to sell their portion.

Utilizing the proper contract structure, your buyer clients can also legally deduct the portion of the mortgage interest that they are paying and the property taxes if they are paying them in a manner similar to what they would do if they obtained a mortgage.

If so, I would tell them that you'll give them back whatever portion of their security deposit is appropriate per the lease.

Main portion of house has 2 bed/2 full bath, new kitchen, dining area and living room.

That bright line gets smudged into near oblivion when one then tries to deal with the "real property held for sale to customers" portion of the definition.That's when you get into that "intent" factor that Scott has been hearing about.

They are issued by your state housing authority to developers willing to allocate a portion of the development to low income rental units.

However, you'd be giving a large portion to IRS, and that is why I prefer to have another bucket full of properties NOT free and clear to offset the income with depr, etc.

There fees will eat into a big portion of your 7k spread.The most popular IMO is coastal funding.

So, if they wanted to, they could come knocking anytime and take a good portion of us over?