There's just something about the business, something about straightforward housing security perhaps, that makes this as universally true as it is.

The first one is qualitative, but the second question is quantitative and pretty straightforward.

It's a simple, straightforward way to turn your first property into an investment and not a liability.

These instructions are sent by email so they have it in writing and there's no confusion.Once the payment is received, I take the property off the market and send the lease agreement for signature.

Probably 95% of what is sold is pretty straight forward.

See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses.Thus, structuring your primary home as a rental would not really change anything.

No matter what contract you begin with, you always end up with theirs (escrow instructions) anyhow, so you can just use their contract from the start.

It needs around $18k if they fixed the basics remotely (roof, siding, garage fixes, stove/misc-straightforward rehab).

I am not sure about the nature of the transfer, but I would point out to review the instructions for Form 1041 which will address a variety of questions regarding the timing of filing among other issues. 

(Not knocking Hard Money Lending)My mentor has instructed me to save to 50k for investing and then told me to add another 30k for safety.