Would I be able to write off a loss of $2,400 and carry that over to my personal taxes?

Should I write him a letter or should I first check to see if I can afford the home?

A $2k judgment is a lot easier to write over than a $20MM judgment.

In other words, you want them to agree in writing they will be out by X date. - Tenant pays monthly rent up until new tenant takes occupancy.

It triggers "fear of loss" in a persons brain which is what causes them to write offers.

I read I have to give tenants 30 days notice to decide whether or not they would like to resign for another year..Questions being, should I write up temporary month to month leases at their current rates until they decide, just so we have something legally binding us?

Mortgage debt is usually cheaper and you get to write off the interest payments.I'm curious why you think your debt is "limiting your investing power"? 

I would have all the terms in writing so there are clear expectations from both sides.Some concerns:1.

Then, the Ghost Writers us the little information he gives and the Ghost Writes go through books written by other authors and they re-write exactly what every other book Ghost Writer is writing.The problem with every book written for real estate investing is it is very clear to see that the authors want ti fill the book with crap so they can get the crap to fill 150+ pages.

If the buyer is asking for concessions, the seller should say no in writing and again request performance.