View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I have to give you a disclaimer on this that I am not an expert, however, I did have a situation where we were about to close on a condo and the flood report came back requiring flood insurance.

As it turned out, the tenant took it on himself to move into a hotel the SAME day that he reported problems with the AC and then tried to deduct that from the rent.

What sort of financing contingency to put on offers (what if my lender denies the loan based on the MFR income reported)? 

What sort of financing contingency to put on offers (what if my lender denies the loan based on the MFR income reported)?

What if the guy is a tax cheat and accepts cash and doesn’t report it?

@Gabriel LambEasy... read the news.Google "(City State) Economy/population growth/real estate/ etc." and read the first couple pages of news articles.Within no time you'll be way up to speed on what's going on. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi everyone.

@Chris Isaacson , Bank allows you to do that for internal efficiency, but you have to report gain to IRS.