Good Communication skills. 10.

Has the new owner communicated with you?

How do you determine a fair market value of his home before I meet up with him?

I was very tempted to accept them just because they traveled so much, but there was a fairly wide age gap and I think I wanted them to be more of a good roommate match than they really were.

Brian H, your calcs are pretty good, but I'm fairly sure (I know I will vehemently corrected if wrong ;) ) the TI part of the PITI, would be considered in the 50% guideline, so you would be counting them twice here, also PM is generally costed out at 10% so his expenses would more be...12*1970 = 23640His running expenses without PM would be 3665*40% *12 = 17592 - his tax and insurance already considered in PITItherefore he would be $2748+TI positive for the year.However he may have some deferred maintenance etc if there is a 50 year old water heater sitting in the basement.

While operating an LLC is fairly simple there are a lot of considerations to make.

In the end, the way to go is whatever the two of you work out as fair, just make sure it is clearly documented in the operating agreement.

@Deirdre Brown thank you, now how have your investor clients faired at attempting short sales and mediations?

All future communication will be accomplished through the court, sheriff’s department, and or attorney.If you do not respond to this notice by 5 PM on August 24, 2004, legal action will immediately begin against you to FULL EXTENT OF THE LAW.

HUD believes two persons per bedroom is reasonable under the Fair Housing Act.