They will have to declare it as income but unless they have other income it won't be enough to generate any tax liability.

Sales in the neighborhood overall have been slow.My question is, to the sellers out there, what can I do, as the seller, besides continuing to lower the price, to generate interest in the property?

Just got done working on Listsource to generate a list of leads with the following criteria:-10 mile radius from my home area code-Mortgage value of 1-200k-home sqft less than 3000sqft-Notice of foreclosure auction in the last 3 months-greater than 40% equityMy criteria may have been a little narrow and I only generated 10 leads.

The roller coaster rides of the stock market and low fixed income environments have whacked a generation hard, dealing many a knockout punch.

My goal is generating cash flow and building net worth for the long term.Thanks,Justin

How much money is the auto business generating??

Do a real world analysis on how long it would take to grow your real estate investments into something that generates 40K while working at your 60K job.

You see people like Tenant Turner who are great at lead generation.  

If I can flip a home using my own hands and tools, and can evaluate people professionally for court and other high stakes matters, I can be a decent landlord.Sell House scenario:House sells for 550K (worst case), 30K to realtors, pay off 295K mortgage = 225K cash in hand.At a 5% return, 225k generates 628 after 33% taxation.$2200 rent - 628 = 1571/mo cost of livingAt a 4% return (worst case?)

Fix and flips generate big chunks of cash.