In the eyes of the IRS this is income, and is considered the same way as “cash” put in your pocket each month from the difference.Mortgage Interest– This is the interest that you are paying to the bank every month for the ability to “borrow” their money.

Yes, have an attorney draw this up after you negotiate it with a buyer.Hire a realtor to sell this for you, have him/her put in the terms sections (seller wants owner financing for the property at 7% interest for 10 years). 

They can't rescind their acceptance.The kicker is that homepath can't even see any other offers because when they accepted mine the house is no longer available for anyone to put in an offer.So the only way homepath would even think to rescind it is if the listing agent tells the asset manager there's other interest.

Most places you can get a variance to put in better steps that are still not "code" but safer then your current setup. 

I am trying to put in an offer on a property. 

Just use the advice from an Attorney and/or a CPA (or tax accountant) to make sure you need it and the right entity to form.Another thing you might want to consider is where to locate your office with minimum distractions.  

I just put in two of them.

Even though we had a property manager / Airbnb host starting Nov 22, we still meet “material participation” for this property because we put in over 500 hours into rehabilitation, decor, design, etc.

The universe is not going to bend backward for you to become successful with what you have or are willing to put in.

Last night I got a confirmed closing date for this Friday on my first duplex, and then this morning the seller agent has informed me that one tenant put in verbal notice on the 15th May (last week) to vacate on 15 June...