There's also a whole chapter covering this subject in Stephen Fishman's "Every Landlord's Tax Deduction Guide," Chapter 6, segmented depreciation.I felt the same exact way as you until someone had a deep discussion with me.

You will get some cash from the upfront money the end buyer puts ups and the may cover some if not all the closing costs.Also, this is an equity share set up, so, you would get a share of future appreciation, if any.I have a couple of small projects I would like to offer in the Partner section, but, want to know if this is a decent return for just using some of your cash and your credit?

Can't cover the postage?

You really have to be careful of everything you do to keep your butt covered.

The Texas Apartment Assciation lease that I use not only cuts down on my eviction time, but it also covers every nook and cranny of the Texas Property Code for my benefit.

I have joined recently,and have found this site to be '' explosive '' covering the very needed area's that are sometimes hard to gain acces to.

Im just checking last minute to be sure that I have covered my rump and that there is no law against this.

Cover all my closing costs?

That would impede on the basic rights of ownership.As Dave already stated (I'm finding myself saying that a lot today :D ), as long as their proceeds cover what they owe the lender, then no approval would be needed.

Clearly, I don't want the loans to get called by alerting the lenders to any change, but want to make sure that the property is covered, and that I am able to make a claim if something goes wrong.