If deposits are ever retained, you would recognize receipt of those amounts as to income if they applied to an income account or as a reduction of expenses or as indemnification for damages as an offset, having no effect in the end on income tax, if there is any difference to your benefit, it's income. :)Think of it as rents collect, but unearned due to sale.

Unless you are managing the estate as a conservator or have specific authority under some legal standing besides a listing agreement, you don't have the authority to reject any offer based on anything, it's not your job to assume control over any offer!

Since you recognize how bad many agents are, you will probably be very successful.

But, most experienced investors who have equity in their holdings recognize that the downside of disclosing anything about your financial situation far outweighs the need to brag about it.

Bill Gulley While I'm familiar with the concept of Series LLCs, we don't have them in Ohio, so I can't comment with much authority on the details of their use.

The payment would be: 1100.65The first year Principal is: 1,253.05 The interest paid was: 11,954.73Of the principal payments 2/3 is allocated to your basis. 1/3 is gain.You would recognize 11954.73 as Interest income.

Joe, I see it and anyone who has been around the block has seen it.Actually it can be very trying at times, taking another step back and looking at the big picture, asking yourself if you're just cutting a deal or if you really are taking advantage beyond that line of fairness.Your conduct is your reputation and since RE is a social business an outcast just won't make it over the long haul.And Mark, we have had a few that have explained thier strtegies or methods that are clearly illegal, BP is a treasure trove for authorities.

You could have the seller sign a "3rd. party authorization form" so that you may contact the lender(s) directly in behalf of the borrower and get the story straight.

,You would be recognizing the loss based upon your AGI being lower in CT.

Any lease/option triggers the due on sale clause.http://law.justia.com/cfr/title12/12-5.0.1.1.54.0.83.2.html(b) Due-on-sale clause means a contract provision which authorizes the lender, at its option, to declare immediately due and payable sums secured by the lender's security instrument upon a sale of transfer of all or any part of the real property securing the loan without the lender's prior written consent.