You should download the MN landlord tenant laws,, become a member of MMHA  Minnesota Mulit Housing association, they have standard leases recognized by the state,, and all other forms you may   important besides the lease is I have a crime free / drug free addendum, you need the lead form, check out this link in BP and a better posting catagory for landlord questions is the "landlord tenant Forum section on BP http://www.biggerpockets.com/renewsblog/2013/01/04...

At day 180 or roughly May or June of 2014 his exchange period will end and he will end up recognizing the gain but the gain will only be recognized in 2014 and tax due April of 2015.

Just like a marriage you need trust, each need to recognize the strengths and weaknesses of the other and trust their judgment in their area of expertise.Financial matters, three areas of concern:Credit, their credit says a lot about someone, degree of responsibility, maturity, judgment and keeping promises made.

Luckily the gamble paid for me.

Earned income includes amounts received for services by self-employed members of recognized religious sects opposed to social security benefits who are exempt from self-employment tax.

It's a defense mechanism for most of us to not answer all calls from number we don't recognize.

She recognized me.

That is a risk, but if you are buying a lien for 10k, and the house is worth 100k, it is worth a gamble.

Further, of Cincinnati's 52 recognized neighborhoods, Price Hill is not within the top 25.

Also its possible to show tax losses on your income taxes and yet still get free cash flow.One of the biggest advantages with real estate is that you don't have to recognize capital appreciation, and often can depreciate a property more than you need to put back into it from a CAPEX perspective.