It's a 1200 sq. ft. 4/2, however, tax records indicate a 3/1.5.

Hi,any good mentor in DFW area to learn Tax Lien / deed?

Our state lobbyist out of Olympia spoke for a full hour on the socialistic bills and ideas coming out of the city council in Seattle in the Capitol.They are contemplating or have already enacted rules regarding no rent raises when service calls are unresolved, must show cause to terminate a m-m agreement, rent control, 5% capital gains taxes on RE sales (in addition to the 1.7% excise tax), pre-'78 lead inspections, periodic unit inspections, etc.  

Once received, escrow company will record.What date does the new buyer start paying- HOA dues- Interest on the loan- Property Taxes- Property Insurance

*Holding costs (e.g. taxes) will become my responsibility only after closing.

Issues like....How is the income split.Who's name goes on the property.Who pays for taxes, insurance, maintenance.

Is the rent covering the taxes and insurance as well as the maintenance?

I think you nailed it on the head already... differs from lender to lender for sure... my experience has been that it needs to be 12 months of rental income on your tax return so it would depend on what month you start renting it.

What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files taxes at the end of the year...how do they report income from holding a mortgage?...

Usually $2,800-$3,300, then you add the prepaid items such as insurance, taxes, etc..I can give you the names of two lenders that can do the loan.