It starts with the seller submitting a financial statement, letter of hardship, and a complete short sale package.

Asking for his latest LES (Leave and Earnings Statement) will give you his pay and year to date earnings.

I am also a bit culturally different from most people in the U.S. and can be quite blunt in my statements - I do not want a very emotionally sensitive person on my team.This will be a full-time job because I do a lot of properties - my business is like Wal-Mart's - high volume and low margins.I would really appreciate any thoughts and suggestions, including how much to pay the person, how to structure the compensation, what did I miss in my list of requirements, etc.Thanks for reading and for your advice and guidance on this very critial issue for me.

Grab the latest payment stub or mortgage statement and back track.

Just to clarify, this new tax applies to investment income not just specifically to real estate profits.Any references to the new surcharge being applied to owner occupied home sales are wrong (at least as a blanket statement).

Originally posted by Financexaminer:...how you declare the management of the LLC will have an impact on how you are taxed...Can you go into more detail on this statement?

:roll: While I appreciate being held accountable for my statements.

SFRs require more maintenance than condos and if the tenants don't/won't do the lawn care, guess who does it or pays for it.I guess my point is that a blanket statement about condos being a bad investment just isn't accurate.

You cannot make a blanket statement and say that the price is 30% from the 2004 price.

Well, on the loan application there will be a statement where you say whether or not you intend to occupy the house.