Basically 1099s are used to report when you aren't paying payroll tax, but are "employing" someone.Hope that helps.

Inspection report indicates major deferred maintenance issues.

HUD has a number you can call to report those people.

5 seconds into that report Claude just emtnioned;"The Ontario government will spend $31.5 billion over the next 10 years to improve transit, transportation and other priority infrastructure projects.

the guarranteed income is nice, but a poor credit score due to late payments tells the bank that it doesn't matter how much money she makes, she isn't going to give it to you ( the bank) anyway. if her credit score is bad because of misinformation on her credit report, thats a different story. i can educate her on how to clear that up. we need more of the story here. 

What that means is that they will simply bump your interest rate higher as a way to pay for the closing costs..so instead of a 4% loan you might get a 4.25%.

The appraisal report comes with 2430 sqft Gross living area. 397 sqft finished basement and 140 sqft non-living finished area (due to the wall of one bedroom is not high enough). 

When I look at the limited title report provided by the seller (the Pro Title dollar search I believe) I see both the first and the second listed. 

What would appear on the credit report in this case? 

Yes, I believe he would report his profit as a short term gain and report the share that he gives to me as a cost of the sale (like commissions, accrued interest, taxes, etc).