But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

I'm just now starting to see increasing numbers of stories about how (formerly) middle class people are having to sell important possessions on ebay and craigslist.

Other items increase or reduce your basis, too, so it could be all over the place.

Use a double closing when you can attract higher end buyers that have Fannie Mae loan approvals.

And hey, if you'd like to bring up some legal issues that would be great, too, because hey - LLs are increasingly becoming 'targets' (ha ha) in more ways than one.

With many lenders tightening up and me being on title for less than a year I just want to be able to justify the increase in price from what I paid for it.I don't want some hard-*** inspector who pretends to be a code inspector pointing things out that might not meet code but are still safe and scaring a potential buyer.

But just selling it immediately and for a 22% increase in price will raise red flags.

So not only is their equity shrinking from the declining market but their loan balance is increasing due to negative amort.

I hope that they take any wealth I leave to them (not likely to be a big pile of cash, by the way, more likely to be business and investment assets) and increase it geometrically.

An allowable 5% increase in rents is allowed per year.