I prefer being the bad guy, that mgmt can blame me for the decisions needed.Rich you just summed up how I feel about owning rentals with the statement above.

Also, what kind of proof of funds will banks generally accept and favor (hard money letter, bank statement, etc)?

You know I had made a statement in response to this but screw it.

From your statement copied here, how do you get from converstaion type to step by step?

And lets not forget that the principles in the statement of Tim's are the people's having the guns.

That means 2 separate HUD statements; so there would be no "disclosure" as such on either HUD statement.

This is the unfortunate truth, however, with regard to the statement "every job is unique" I must add that this is true only if you make any modification to the existing system.

I stand by my statement!!!

I don't mean to plug it, but I think you'll find a lot of your answers at DepreciateEm.comAmong many other things, the appraisal fee and loan origination fee (points) should be on your closing statement and should get included with the basis for depreciation.

Originally posted by Winniferd Booker:I haven't seen the inside yet, but from the outside it looks like it may need about 10k worth of work.I just noticed this statement above.