It would pencil out like this:Sales Price: $3,600,000Basis: $600,000Net Gain: $3,000,000Our Share (50%): $1,500,000121 Exemption: $500,0001031 Eligible: $1,000,000Primary Residence: 33.33%$$ Producing Land: 66.66%We now have the property under contract with a home builder.

I received a quote to use regular windows or for an additional $1,150, to use low-e + argon.

Phil,There is a chance you can keep the EM if you can prove you lost other tenants and where the proof comes in at if you can produce sign applications and what would you do if the other side wants to talk to the tenants you say you lost.

HELOC's are probably one of the most common that regularly occur.

Visit the IRS website www.irs.gov.Yet if you decide to hire regular employees omg immediately find an enrolled agent to assist you.Kudos,Mary

Anyone can go FHA if your financing a owner occupied property and you currently do not have a FHA loan.If you have 15% down for a owner occupied property you may want to go with conventional financing at 5,10, or 15% down with regular mortgage insurance.

If its a regular homeowner, no worries.Just have your agent call the other agent and ask the story before deciding on your amount and 'who' presents the offer.

4.)Is it as easy as going to my agent and writing up a regular contract?

The value for something like this is usually based on the income it produces.

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.