We'll start hearing about buyers getting screwed and suing listing agents in a few years, and O&E insurance claims will go up.How this ends, I don't know, but it's definitely go to be messy.

I'm curious if the income from these rentals, listed on Schedule E, will be factored into my Debt-to-Income (DTI) ratio.

As strange as it was, I received an unsigned letter from her 10 minutes later, which she forwarded from him with a listing of the wrong landlord's name, a bad phone number, and an e-mail address to a utility company.The moral of the story is to review everything your real estate agent sends you.

Thanks Your rental income (does not matter if long term or short term) of your schedule E is calculated using this form: https://content.enactmi.com/documents/calculators/Form1038.C...Your schedule C income will be averaged over the last two filed taxes returns.

However, if we file Sch E, we'd owe $7k.

thanks for the good info. the address of the building is 816 E 90TH PL. something was telling me that my trip to the building department would be unsuccessful ..thanks for confirming my theory. yes the violations require many permits for sure. no the building does not have a red X on it. i believe red X should warn the firefighters about structural damage, previous fire damage etc. what's the process in that case ?

Quote from @Scott E.: What are you trying to accomplish?

Andy, Nice to e-meet you.

Additionally e-signing docs will be the best path, no one hand signs all those contracts anymore.Ultimately unless you find that magical buyer who doesn't want to use an agent and trusts you to provide everything needed for a smooth close you will be paying a commission to someone.

In particular, your schedule E where you report income and expenses.