Based on that being a nominal amount of money (typical fee is around 1.0% of the balance) you have some equity, again according to your post of about $8,000.

I nominate Cleveland and Columbus, OH.

Consider though that your CPA might allow you to use his for a nominal fee, which would save you a significant cost.Your decision will depend, in part, upon whether you want checkbook control or not and you didn’t say.

You might ask the same inspector to re-inspect for a nominal fee.

But it makes sense to pay the contractor a nominal fee for his time.

The second home route allows tax benefits for interest deductions without treating the property as an investment.You can charge rents, doing so may cause different tax treatments depending on charging market rates or nominal rents, but not the mortgage.

I know @Aaron Mazzrillo is rolling his eyes a little but in Santa Barbara where nominal home prices are around $800,000 my little little 30,000 does nothing for me, plus SB is no where near the 2% rule.

For my investors they are getting a nominally 18% return and on 5 we have foreclosed on and settled so far this year an extra 15% from the back end profit.

If this building is in Pittsburgh, I believe you're looking at 3% RTT on each transfer, potentially based on imputed value of the real estate in the event of a nominal dollar amount ($1 or $10 or $100) transfer.

The issue is that the mailman is a federal employee and they can only accept nominal gifts and may not be employed in other activities while on duty.If someone simply informs you that there is a vacant house, gives the address with or without a name, that is not a regulated real estate`practice.