In a lawsuit, the residents of a condo building, or SHAREHOLDERS, can be liable and sacked with a small or very large "special assessment"I'd also watch out for any upcoming construction on the building, and any plans for construction around the building.

County Clerk s office.The County Assessor keeps the main records on property assessment, although some records may also kept by both the Treasurer and the Clerk.The County Treasurer/Assessor keeps records on the amount and payment of current taxes.The County Clerk keeps records for past years.

johnmichael: So who cares about the strikesjohnmichael: Let's take a look at the numbers for 2004johnmichael: Realtor Sold Homes - 6 Millionjohnmichael: FSBO Homes - 2.7 Millionjohnmichael: Owner Financed Homes - 1.2 Millionjohnmichael: Over 42 Million Homes Listed For Salejohnmichael: Did you just see that last #Dan_Auito: 120 million dwellings in the U.SDan_Auito: 294 MILLION PEOPLEjohnmichael: So you have to ask your self what happen to those homes?

For example, high DTI ratios, too many new property purchases, can't prove self employment income, etc.

Often objecting to our offerings at NATO among other things.

Generally the real estate lic. commissions' first object in any and all cases is to protect the public and safeguard the interest of the consumer.

Most re investors are very self-motivated it seems to me and aren't the type who want to stack up a bunch of cash so that they can sit and do nothing.

Great listing tool for the companies willing to spend the money on self promotion.

2-Find out their business ownership/management experience, nobody wants to set someone else up for failure3-IF they don't "need" the apartment, You should advertise & secure a tenant 4 them, w/1st/Last/& security, so that potential "problem" w/both future lender & appraisal is already dealt with (read=documented INSTANT Cash flow, more appealing to buyer, & Lender), preferably w/a nice LONG lease (say 2yrs w/a 1 year extention option)4-Holding a Seller Second makes this a VERY "do-able" transaction, just need to make sure borrowerA-Has great creditB-Good ReservesC-Proven Track Record in Business (4 self or others)D-Realistic Business PlanE-The Guaranteed ability 2 make the paymentsIf they have their act together, You'll know who they are...Let me know if I can be of further help, I've arranged financing on over 200 commercial transactions, & over 50 mixed use subject properties5-& Very Most Importantly....Don't be afraid to "owner finance"..

Rental income is classified as passive income for tax purposes and is treated the same as any other form of business income except that it is not subject to self employment taxes which is a big break.