Phase out of personal exemptions and itemized deductions (PEP and PEASE) §§68 and 151(d)—the phaseouts (reductions) of personal exemptions and itemized deductions are permanently repealed for taxpayers with AGI over $250,000 ($275,000 HOH, $300,000 MFJ, $150,000 MFS).

Being fat is not a handicap!

(I know pigs get fat and hogs get slaughtered...

I began to concentrate on debt reduction rather than more acquisitions.

Yes, they are adjusting the application of payments to interest, a non-accrual with a front end reduction of principal.

The better rapport you have, the better the chance that you can propose the repairs and get them completed or a price reduction.

It's been sitting for 3-6 months with no recent price reductions.

We sized up the situation - unit could not be re-rented w/o a substantial renovation - and agreed to the 24-months of frozen rent in exchange for a further reduction in the sale price by the amount of 24-months rent at market rate.  

I will tell you what will happen a basis reduction doesn't just happen and to do so would be a major disservice to your client.

Since most CR programs take 6-12 months, you can then stipulate that if the tenant-buyer successfully completes the program, that $100 will go towards a reduction in sales price.Rent-to-buy and lease-option deals got a little more complicated since 2010 (Dodd-Frank), so have a RE attorney draft up your P&S Agreements.