So it would balloon at 15 years, but I can obviously make extra principal payments to have it paid off in 15.

Originally posted by Gracy Josh: The lease contract says 2 months notice + 1 Month rent as fee for early terminationOkay well sounds pretty clear cut that they owe you 2 months plus the fee.If you rent it in less than 2 months then you should refund the rent part as you can't really collect rent from 2 parties at once.

Quick comment about defining "motivated sellers"; That term is not to be considered "law", but more of a principal guideline to follow when dealing with sellers to make life easier for you the investor.

I have searched to find out whether or not liens are released or if they are still owed in WA state and I can't find anything.

(C) Period of nonqualified useFor purposes of this paragraph—(i) In general The term “period of nonqualified use” means any period (other than the portion of any period preceding January 1, 2009) during which the property is not used as the principal residence of the taxpayer or the taxpayer’s spouse or former spouse.

In one, the defendant failed to refinance or sell, so the judge ordered the listing and named who the agent would be and sold the property to the buyer with the best offer (unfortunately not mine), and distributed the funds owed to the plaintiff and the rest to the defendant.

I owe another company in automotive industry, which is LLC and is classified as S-Corp.

As a real estate agent, I will tell you that even if you go around the agent, while the property is listed, the owner will still owe the agent a listing fee.

Most new investor types spend way too much time trying to make chicken salad out of a single chicken-scratch property with an unreal principal rather than creating a deal flow to have many choices from.

The total I owe investor is $9,950, which we agreed upon a 10 year note at 6.5%.