@Russell BrazilOriginally the house failed for appraisal due to some things that needed to be fixed when I had my contractor come out they were more damage that needed to be taken care of in order for it to pass so they decided that they weren’t going to cover the damages for the property so I wrote a letter of explanation to the mortgage lender stating that they weren’t going to do that and they issued a denial letter.

It worked well with an older friend, it did some lasting damage to the relationship with a family member even though we did exactly what we said we were going to do and the deal went amazing.  

We began meeting with the seller during March 2020, the beginning of Covid, and were set to close the end of August 2020 but that was further delayed 5 months as a result of hurricane damage to the property.

Some people will tell you to look at how they dress or the car they drive, but that's not always a good indicator; I know plenty of people that take great pride in their car but not their home, and I know people that have excellent homes but drive beaters that are trashed by their kids.There's always more to it, but that's the basic gist.

Let's stay connected and we'll definitely do some damage:)

You won't have to worry about leaks, repair costs, floor damage or sanitary concerns.

The property manager then updates the status of the item (received, inspected, staged, damaged, etc.) when it's received.

Likewise, any tenant might cause damage, but lower income tenants might not have funds available to repair it regardless of responsibility.

@William Yeh   Under non-recourse loans, the guarantor is not generally responsible for losses the lender incurs, unless they commit certain bad acts; such as fraud, waste, damage or destruction, misapplication, misrepresentation, bankruptcy, or environmental contamination. 

I know once we consider commissions, closing fees and remodel costs, it should definitely bring the taxable amount down by quite a bit.The reason for moving back has to do with the constant slew of issues we experienced since buying the home (most of which has been resolved now, but mentally a lot of damage was done.)1.