What would the repercussions actually be should this tenant decide to push the issue and come back and claim he wants that place back?

If so I'm thinking it most likely was a quit claim/change of title.

First Property: Closed 12/2011 , rented 1 /20122nd property: Closed 9/2012 , rented 10/20123rd property: Closed 1/2013, project to be rented 3/2013I did not claim any of the $5000 'start up ' expenses on the 1st property.

Also, is there a way to see if there are any potential claims against the property where the title insurance would be needed?

Have the owner produce Schedule E from his tax returns for the past couple of years to see the expenses being claimed for his tax deductions ... 25% is too low.

If you claim you get a 20% COC return, but you only have $15K into the house, you are making a whopping $3,000 a year.

Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him.

So, a credit union is selling a home for $49,900 claiming that it's fair value is $69,900.

The property I'm looking at now would have to go under my personal name and then be transferred via a quit claim deed.Does anyone have any additional info about such an arrangement?

We found 2 leaks that caused moisture behind the walls, leading to mold mitigation and an insurance claim.