Thank you for your service and best of luck.

It just varies so much by who is servicing the loan and the investors that own the loan.As a buyer I wouldn't want to give any earnest money to be tied up until I have bank approval on my price (sellers approval means nothing).

Income Tax Return for an S Corporation, state "Distributions and other payments by an S corporation to a corporate officer must be treated as wages to the extent the amounts are reasonable compensation for services rendered to the corporation."

HVAC is newish and has been serviced every 6 months for the last 2 years.

If she decides to stay put, and she's been there for some time, consider offering to arrange a carpet cleaning service at her existing place to control odor and to help with tenant loyalty.

If they want to use straight tax return info for your other properties, make sure that they "gross up" the income for any year in which you only owned the property for part of the year (they should use the "date placed in service" from your Sch.

.- Lets use the 50% rule for ongoing expenses.So after you've gone one cycle of option 2a (that is you're done paying the first property off), the numbers look something like this.Cash Invested: 108000*Gross Annual Income: 14400Expenses: 7200Debt Service: 0Cash Flow: 7200* debt service while you're paying it off isn't counted, because the rent covers it.So, you've got an income of 7200 on 108000 invested, or a 6.67% return.

I hope to one day do a deal with you or use your services, since I am in LA.   

i am a Realtor and we have people coming to our office to present their services all the time, and we had someone come in and tell us about a process they use to clean mold and odors, specifically smoke with machines using hydrogen peroxide.They are called Biosweep and I believe they operate nationally.

All they did was service the customers already there but not seeing how it happened.Typically a new agent has a small sphere of influence at least to draw from with family and friends.