I also wonder about the tax impact (full recognition of capital gains at time of "sale") if this is done at scale where the seller may be construed as a "dealer".In my area, quite a few landlords seem to be converting their existing rentals to land contract deals, to get out of the landlording liability and transfer the maint to the buyer, while still maintaining the ability to evict (rather than foreclose) within the first 5 years.

Brandon Turner great point....i think it really boils down to you....when i first started out, which is not that long ago, i went to the local REIA, and LITERALLY shook as many hands as i possibly could...later that night it actually worked out perfect for me. i met one of teh biggest landlords there that night....at first it started of really slow, but i would call reguarly just sto start a conversation, just to keep me in front of his mind.

It's a great way to get your feet wet in landlording.

My background: I became an accidental landlord about 6 years ago.

Some facts:- I am in South Carolina- I have read the SC Landlord Tenant Act to no avail- I have searched the forums, also to no avail- My "mentor" has no experience in the situation- Spoke with foreclosure attorney - said to evict them and told me which magistrate to go seeI look forward to your replies.Shaine

I've been landlording since in diapers!!!

There recently was an act imposed to require landlords to issue 1099s however, it was determined that it would be too much paperwork for the IRS to handle and process.

there are two landlord organizations that I know of in your area: Worcester Property Owners Assn and Northern Worcester County Landlords Assn.IMO, all landlords should join their local assn for help with matters exactly like this.

I wonder about these guidelines like the 50% rule, I don't see how that can apply equally to situations where landlords pay water/garbage/sewer and situations where they don't.

You would be surprised how fast they become experts at tenant landlord rights vs the rest of the population out there.