This means that you would complete Schedule E of Form 1040 for the rental property (assuming the property is held in your name and not by a business entity).

I assume you mean you're buying directly from a homeowner.

If there is not owner or assumable financing you may want to talk to some finance companies before listing the park to see what the potential loan and terms may look like for a qualified buyer.4.

I was wondering if there was any way I can assume the loan without having to pay in full.

You should (if you haven't already) sign a purchase and sale agreement for a sub2 and deed the GA property to your mother.Then you could claim no interest in the GA property.I'm assuming these are two different lenders.

Assuming that you're talking about multi-family apartment buildings, I can't even imagine why it would require software to determine the maxiumum offer or the cash flow.

Lang,With assuming that you are wholeselling the deal, it is not even an issue that you would have any out of pocket expenses.

how long does it take to do the double closing assuming that i have a buyer?

I would assume that areas around colleges and growing cities would be a good place.

this assumes that the price the bank agrees to is a good enough price.