My question is should I claim the 20,000 that I used to fix the house and if I do will it somehow lower my income on my schedule A?

Does anybody know if when you quit claim it you lose your title insurance?

You pay them their $2000 in equity and you start making the payments on their loan, AFTER they quit claim the property to you.  

_ZehmerSummary: Guy writes on the back of a store receipt paper that they would sell their 400+ acre land for $50,000 and signed- later in court claiming it was a joke.

If it is a C-Corp then it would. you should be able to deduct your mileage since you own property there and claim the depreciation on the passive income property. but your best bet is to talk to a CPA that that deals with foreign trade and could better answer those questions 

Better to not engage and give high service to current clients then spend time on a flaky or unrealistic buyer.     

. - I'm not a CPA but this is my understanding:- If you own the house on the deed and you didn't establish primary residency for 2 years for yourself personally, you cannot sell and claim any 250k IRS capital gains tax deductions on your tax return.

If they want their stuff before the 30 days is completed, I would return it to them and when they come to get it from me I would have them served with a small claims summons to collect the unpaid rent and damages.

This may be the case with your neighbor, especially since it appears you've been monitoring the supposed activity the neighbor claims and seen nothing that confirms this.Some home owners are just nosy people who would rather see an empty building than tenants living there.My story....we once had an incident where a young man decided to ride his bicycle down to the local Kroger very early one morning to buy his uncle some soda. 

The issue that I brought up with them is that land trusts, especially if the property is already in my name or company name and I transfer to a Land Trust really doesn't 'hide' the assets as they claimed, since they were originally in my (or my company's name), any litigious attorney can easily find out that I once owned the property and then go forward with suing the land trust as well.