At the time I got the loan I had no choice but to put the lien against my dads commerical property rather then my residential homes due to LTV guidelines that hard money loans had.

Debra, What has been the final outcome on these audits?

If I were living in it, my choice would be to not, because I would remove and alter ($$) a portion when I could.

Finally, it's the right thing to do.

The third is the final inspection, which is performed when everything in the house has been completed.

I finally found other people that think like me.

And you should be conspicuous in passing out the gifts, so that those not getting them can be told as to why they are not gift recipients.Again, I'm not saying you should give a gift, only saying that if you make this choice, that you make it based on good and sound reasoning, AND that it has the possiblity of getting you some better behavior (some of the late payers might pay on time for that small gift).

Moreover, once you finally do close on these wholesale deals, the tax man is going to have his hand out since this is ordinary income (the normal assumptions apply).So, $100 per hour may not even be close when you include the real world operating expenses.

My rental is ready to sell, now, finally.

This is final nail in the coffin for the investor but an absolute windfall for the tenant.I'm convinced most tenants come out of a foreclosure well ahead of the game.