It has natural gas connections in most of the rooms.

As the IRS says "Rental activities, by nature, normally do not require significant day-to-day involvement, i.e. they are not time intensive."

Smoking is a hard habit to kick.Even if she kicks the habit she might replace it with a healthy habit exercise,church,etc. or another negative habit alcohol,drugs,etc.You just can't quit you have to replace the void with something.Since her income is great I would take a much larger deposit to cover the risk.Just like pets,other tenants moving in people will not always tell you the truth.It's human nature for many tenants not to be 100% honest.

Since a number of you guys gave me totally valid reasons as to why you are asking this question, I was happy to acquiesce to client requests of this nature moving forward.However- what do you do when you come across a property profile where it isn't entirely clear?

Naturally, he asked the question: What's has been the difference between you and me?

I am naturally a very passive aggressive person.

Also, if a buyer/investor calls on a property, I'm going to tell them every thing I know about the condition of the property, systems, oil tank, etc. because if that particular buyer isn't interested in doing that kind of work, than I won't be wasting my time running out and showing the property.

Id....You said you have excessive debt for Chapter 13, but did not say whether that was of a secured or unsecured nature.

Most lenders do not "loan to own" but some do, and some deals by their nature attract that sort of lending.

Negotiating becomes second nature when done enough.