However, in a rental company the house is a depreciable asset and it would make sense that any amount over book value received from a sale should be taxed at the capital gains rate.

It is by far the nicest home in the subdivision and we are receiving an incredible amount of interest via Craigslist for the home at $1,500/month.

Up until you receive confirmation from the title company or recording the seller still has ownership.If there's a fire over the weekend, is the seller responsible for repairs since he technically still owned the house?

I want to begin a practice where anyone can receive care, even if they can't pay, but I know to do that, I need a solid income to do that.

As Bryan Hancock on BP has reached out to you for a chat, I would grab that opportunity!

I also went to GA Southern for a couple years so spent plenty of time in Savannah.The biggest advice I have is to make sure the numbers on any property you find work, i.e. it is anticipated you will receive positive cash flow.

nah, let it roll off your shoulder, man... dont pay attention to the small stuff. look ahead and worry about the deals, not who said what, who drove what car.

I received 2012 Schedule E.

You also want +20% equity in the property to avoid Private Mortgage Insurance which can be costly.Bill Gulley, maybe he's going for hard money first since it can be much quicker to receive than a conventional mortgage?

Or if you just want to grab some coffee sometime and talk shop we could do that too.