I'm a MD resident work remotely for a company in New York city. part of my tax is witheld for NY state.i did a research and seems that I can't get these refund because there's no treaty between NY and MD, treaty exist between NY and NJ,PA, not MD.is this really the case and I have to pay tax to both NY and MD state?

.- passive investor puts in 30% cash for down payment in return for 40% ownership- deal provider (Me) puts zero cash in but finds, secures and manages the deal, bank financing and 100% of the property management- bank mortgage for 70%- closing costs split 50/50- capital improvements split 50/50- all monthly positive cash flow (profit) as well as 60% property ownership goes to the deal provider (me).- first refinance (year 3-5) get investor's 30% investment out (before I take any equity) so we can do it again! 

Having a few of your friends as roommates helping to pay down your mortgage every month is a win win.

If you rent it out for more than 2 or 3 years and then sell it, you have to pay cap gains on the profits.I'd also run the numbers on the house to see what you'd get for rent and what all of the costs are associated with the house (property taxes, insurance, repairs, vacancy as well as mortgage payment). 

I’m in the Detroit market, and I see a lot of properties for sale with existing sec 8 tenants on place.Thanks..

Side question, assuming that you have a pretty strong income from work, would you hold your commercial real estate as long as you can and to by another on top of the existing one or would you 1031 to a bigger commercial real estate instead?

In the days to come, we begin to do my own due diligence (call engineering company) and find out that the engineer has gotten no official word to start the design.Feb 14 2014 -In the back and forth regarding the Title 5 inspection, we notice that (after being under contract) the listing agent has manipulated the content of the listing description from "the existing Tight Tank system is working, but won't pass the inspection..." to "the existing Tight Tank system has just recently been pumped"Any help would be much appreciated.

I'd contact the finance entity who holds the mortgage, and buy it from em! 

On the other hand, refinancing would provide a fixed rate mortgage that is lower in interest and has less concerns for paying back in the short term as long as the property still cash flows.

That is because the seller gets some money, there are closing closts, there are mortgage payments, usully there is some rehab work.