Rental Income (continued) Note:A percentage greater than 75 percent may be used if the basis for such percentage is adequately documented.

We are terrified and we no longer wish to honour the lease document and want to leave asap.

@Brent Coombs I don't know you and you don't know me and I would like to think we are all on here because we want to give information of value and from time to time receive information of value. 

In my HOA, the management company seems to only send complaint letters to landlords and leaves the owner occupants alone.Do your due diligence on what the HOA documents say, buy you'll find that it really has more to do with who's running things and whether they're nice people or not.

The document looks rather self-explanatory.

I attended the FHA home owners education class and received the certificate of completion, so I am working with the lender on the 3.5% down and down payment assistance, so I have less money out of pocket and can focus more of my funds on renovation and increasing equity.The properties I am looking at either have basements that are finished, or basements that I can finish myself to rent out separately either on a month to month basis, or as an AirBnB, or they have detached garages that are big enough to convert to a studio, or AirBnB. 

The use of debt-financing also introduces a tax known as UDFI on the percentage of the gains the IRA receives based on the use of the non-IRA (borrowed) money. 

You must do a inspection of the property, fully documented with pictures prior to the hearing to present in evidance.

Also the document fee was about 1/3 of the usual because the only document was a warranty deed.

Many would be receiving some financial assistance from their children as well.