I was told that when a rental house is sold, we would have to "pay back" costs like replacing hot water heaters, HVAC, replacing carpet, painting, etc. that we previously used against income from the rental business and a profitable pet/house sitting business.I am confused by this and not even sure I am asking in the correct forum.

I'm in San Antonio and to this day it's a hot market that much out of state money is pouring into.

 #2 the list must contain enough stress to convert leads into deals.Fact is Kents list is being mailed by zillions of investors in the hot markets.  

Apartments and rentals are a very hot commodity right now 

To my surprise the project received publicity in the Nashville Tennessean and USA Today.

Submetering the actual heat and hot water is not something I've ever heard done. 

The market is so hot right now it makes it really fun whenever you can find a motivated seller.

-Peyton MarshAfter a somewhat slow start, more deals are starting to be executed under a tax-exempt loan program for affordable housing development that Freddie Mac launched last year.Bethesda, MD-based Walker & Dunlop recently closed three loans totaling $10.6 million for properties in Tennessee with private real estate investment firm Freeman Webb, based in Nashville, TN, using the program.Keith Melton, David Strange and Frank Baldasare led the Walker & Dunlop team in the transaction.

Pretty hot area and it seems to be the focus for the city and some big investors.Many of the houses though I see are in pretty tough shape.I'd think I'd be looking at buying lots. 

Rates are cheap and there is a lack of inventory which keeps things hot.