They do not in many cases understand the magnitude of the gift they are receiving or how to be good stewards of it.

.:...My understanding is that the highly touted tax benefits of owning rental property boils down to [1] you can write off expenses (but I don't see that as a benefit; I don't think people should pay taxes on money they didn't make), ...Well, for the most part the expenses that are a "write off" reduce income that was actually received in the form of rent; so that basically just lowers net income received.

As for assuring that I will actually receive the commission split itself some months later, and there is no state-approved form for referral fees, its also been suggested that I should do a JV agreement with the person(s) I would refer retail seller deals to.

*The catch: he also has tax liens in HIS name, $ significantly above the value of property.He has not received a deed or transferred the property into his name.Question: Is he able to negotiate to pay off the 30k lien (without dealing with his own tax liens in his name), or sell the property (un-insured obviously) with the irs lien still attached?

Over the last few months I have noticed that I have not been receiving tax bills so I went to the township office to get a copy of my tax bill.

You can turn image, pictures, jpeg files, text documents, excel files all into PDF and then append them into one single document.

You can find a wealth of knowledge here.I don't know how long ago you inherited the property; however, when you inherited it I hope you made sure that you took advantage of the stepped up basis that you should have received.

I've represented banks on REO properties and have acted as a receiver.

Nevertheless, I closed on this property a couple weeks ago, and received a letter from the county assessor that they had no record of the grantor (in this case, Nationstar bank) being assessed to the property and that they had no record of a trustee deed being granted to the grantor.

The apt buildings are a place for residual income and they are long term ways to store wealth and receive income monthly.