Use a hard money lender and receive 50k from a private lender to cover the 20% required by a hard money lender, do I pay taxes on either funds received?

Instead, get in touch with a securities attorney to CYA (cover your a$$).

There were 2 doors into the actual basement that were locked but somebody was living/doing other things in that covered space.

If not then you include language to cover potential losses. 60 days notice (also usually in codes) one months rent penalty etc.There are a few major problems with lease break language.

It won't cover the entire purchase of the condo so I will take out a 15 year loan for the remainder.

Harsh Singh Short answer is that the 50% rule should cover everything but debt service and profit.

@David Rubio That's a great suggestions, but Listsource doesn't cover my area ha so unfortunately it is a great suggestion going unused. 

Hi i am new to investing and im reaching out for help analyzing a deal im looking into, it would be my first deal if i don't count the home i live on and i would use down money from a heloc on my home... here's the details: its two separate houses, one is $32000  1800sq ft 4 bed 2 bath currently has a $550 rental income tenant and theyre both appraised at $39500. the other is being sold for $29995 its 1212 sq ft appraised at $39500 also and has a 475 rental income they are in a neighborhood were homes around it have sold for around $70000... i would maybe use a fha loan at around 5% interest and i would also get a heloc on my first home to cover the down money... they need basic interior renovations but have newer hvac and roofs any feedback is appreciated thanks

It’s definitely a long term hold but a reservation of mine is, in ~2 yrs will the rent cover the mortgage payment and cash flow.

If you went the VA loan route and it's in a good location with strong rental characteristics, you may decide that you're willing to cover a couple hundred bucks out of pocket each month because you didn't have to put 20% down.If it's burning through a lot of cash each month that you can't cover out of your budget or other rentals, you'll have to look at how much equity you have, what you could sell the property for, and what you'd clear after expenses and fees.