And therein lies the reason we have a low supply of homes for sale.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

I've read somewhere online that you should do the latter, but at the same time if I were to calculate ROI as if it was a potential new purchase I would base the calculation on the downpayment, right?

The extra bedroom May increase interest in the property, but when people actually walk through the house and see how small the room is and that they will have to go to the garage to do laundry I do not believe it would help the sale in most cases. 

I'm assuming since you're on Long Island that you'd like to remain near your current property or go further East.If you end up selling your current place, I'd recommend looking into areas that have had the most recent multi-family sales.

This is in conjunction with an earlier post regarding the sale of my property in Chicago and the purchase of a property in the Indianapolis area.

Since you’re not paying fair market value for the property, any legitimate claim can, probably successfully, convince a court that the “sale” was a fraudulent transfer.As to what to do, you’re not going to find an answer with which to base a decision on in an online forum.  

I'm seeing some softening of the contract sales market selling mobile homes in my mobile home community. 

While the $135K note qualifies for section 453 installment sale treatment with the gain spread out during the payment period. 1) Is my understanding of this transaction correct?

(SSIC) - http://www.meetup.com/TheSouthSideInvestmentClub/As well BP is a great place to network online and offers a wealth of knowledge from some great people!