My realtor indicated that since we didn't have a finance contingency, it was highly unusal for the bank to have us sign a document stating that my earnest money would be there's no matter what.

Highlights of the new regulations include:--A Form 668, Notice of Federal Tax Lien, may be filed either in paper form or electronically;--With regard to a Notice of Federal Tax Lien that includes a certificate of release, failure to timely refile the Notice in any jurisdiction where it was originally filed would extinguish the lien;--A purchaser of property in a casual sale is protected against a filed tax lien if the sale price is less than $1,000 (adjusted for inflation - $1,320 in 2008);--A holder of a mechanic lien is protected against a filed tax lien with respect to residential property in an amount up to $5,000 (adjusted for inflation - $6,600 in 2008);--Household goods are exempt from levy to the extent they don't exceed $6,250 in value (indexed for inflation - $7,900 in 2008);--The regulations indicate that there is generally a 10-year period (reflecting the period in Code Sec. 6502 ) for instituting a proceeding in court or serving a levy to collect a properly assessed tax.Preamble to Proposed Regulations 4/16/08; Prop Reg § 301.6323(b)-1 , Prop Reg § 301.6323(c)-2 , Prop Reg § 301.6323(f)-1 , Prop Reg § 301.6323(g)-1 Labels: Levies, Liens

Chris -- thanks, I discovered later that you're correct, the underwriter recanted and indicates that the related party issue is indeed a problem.

My spreadsheet indicates $60/month positive cashflow.What are people getting for 30-yr fixed rates from major or local banks on properties with this kind of LTV?

And I'm a realtive newbie.I am buying HUD's and only submitting earnest money if they indicate they accepted my offer.If I got several accepted in one round, I MIGHT back out of the least desirable ones.

Some previous posts by LU members have indicated a, shall we say, optimistic view of rental property expenses.

There are fewer children there.

That site - http://www.Retrans.com/ - does not seem to be what the poster indicated; I get a site that looks like a "domain broker" has it.

Can't get enough detail from the picture (and I'm not a structural engineer), so I won't comment specifically on this crack...But, here are some general rules of thumb based on what I've learned from my structural contractors:- Horizontal cracks are generally the result of static pressure (often water pressing against the other side of the wall) and generally indicate a structural failure or impending failure.

Not that a price history is an indicator of present value, but this last sold in 2007 for for 91900.