This is a process most commonly between competing brokers on behalf of their agents discussing issues such as what there a coop fee, who showed the home and when, were there any signs of abandonment or estrangement by either parties and a multitude of other factors that only a fair impartial hearing panel would be used to determine if the rules set out by the Nat' Assoc. of Realtors are properly followed.Close the transaction, get your home sold, and thrreated to sue any Realtors for totious interference if any of them threated to hold up the sale unless you pay them a fee over and above what you have already agreed to in writing.

I’m thinking a 70/30 split would be fair.

Originally posted by Jeremy Namen:That sec8 story is a bit disgusting,but a perfect example of the many flaws in govt programs costing tax payers.Section 8 established fair market rent prices and operates with a 'rent ceiling'.

I would create a relative ratio to that concept which is fair and produces you a return.

Thanks for the welcome Rusty and Jon.Did that other guy delete his post, I was hoping to get his name written down.Since I'm new to this site, can anyone commenting here tell me how we can communicate privately since it sounds like there are "rules" here.

Just be fair to them and let them know what you think is going on.

How would I be able to communicate with you?

So don't look at it as a substitute for good insurance or fair and legal business practices.With an LLC, you can file taxes as an S-Corp, as long as you make the designation ahead of time, by March 15th I believe.

So now we have a complete breakdown of communication and we're facing a foreclosure with the clock running down.

This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income."