If so, there should have been a partnership resolution authorizing you to make a purchase on behalf of the partnership and the partnership formally accepting financial responsibility for it.It is then considered a partnership asset, belonging on the balance sheet and treated as partnership's for all other purposes, including depreciation.

I happen to have on good authority we can pull it out for 65K if we go cash, inspection and close in 30 days."

The home was sold to me by the Bucks County redevelopment authority ( BCRDA).

We use REI Blackbook for our seller site, buyer site and authority website.

As the author of this post stated there are no leases in place.

Thank you for the input The one I like is "You can negotiate anything" I think the author is Herb Cohen.

This is also a way to find out if they lied about being non-smokers, forgot to tell you about their 10 kids, or their pit bulls.If you plan on doing Section 8, you should check out the responsiveness/ reputation of the Housing Authority. 

Think kids, lemonade and comradery (okay, maybe that's a bit much for most, but just imagine the possibilities).If you don't have a community board of any sort, you can contact your local authority – this could be your city, town or county government – and find out if you need a permit for a large garage sale.

And, depending on how often properties are re-assessed by the taxing authority, the current assessed value may not even be what the auction purchaser's property taxes woulld be based on.

PLUS, depending on the state of your property, there are typically State supported Statues that give the HOA authority.