If we sell the house now, we lose $6000 after all closing fees.W2 Income: way under $100,000How do I figure out the remaining value to depreciate?

If they won't provide, then you can always make an offer with contingencies that allow you to get out without losing your good faith if the information they provide doesn't meet your needs.

Doing it yourself properly is a huge hassle and you could easily miss something.I've learned to use professionals and spend my time finding buyers/sellers/investors/properties.

And make sure you never pay ahead of the work, so that if you need to fire him, you aren't losing any money.

He is either breaking even or losing money monthly on it as my grandmother occupies the 2/1 and the 1/1 is rented out to a family friend.

While it's true they lose their deposit and any funds that have been applied to the principle balance on the loan if they don't follow through, they may never qualify (potential for more option money, longer term cashflow though)...The only other thing I can think of would be to enter the deal while legally structured as a trust, then you could transfer all or part of your "beneficial interest" in the property for a fee.

Granted, I only had to cover reserves for two properties, so my 401k could easily do that, even with the discount.

I have a very good agent who works hard for me, she understands that time is important so she always fits me in.The other thing I have found is that when I advertised my townhouse for rent, there were several people who came through and revealed that they were about to lose their homes because they were defaulting on their mortgage.

After seeing many people lose their jobs, I decided that I didn't want my livelihood in the hands of someone else; I had to be financially free.

If you lose it, and you MUST assume that is a possible outcome, you will badly hurt this person.