Offered 45, they counted 62k with e/m non refundable after 10 day inspection.

If you hold the property in your own name, you report your rental income and expenses on Schedule E (1040)

Should I just get the cheapest single pane type I can find, or would there be any point in getting a more expensive "low e" glass type or double-paned?

Mary,The member being stationed in Germany will make it somewhat more difficult but not out of the question.I am guessing that this is an Army soldier that will be stationed at Ft Lewis.I would recommend that you get phone numbers and an e-mail address to his supervisor.If you have an issue and lose track of the supervisor, you can contact Post housing at Fort Lewis for assistance.In the Air Force, we do not tolerate our members not paying their obligations and I am confident that you will get the same support from the Army.If I were in your position, I would try to make this happen because you are likely to get a long term tenant if he is re-stationing there after his 2 yrs in Germany.Chris

Hello BP I have been watching a show on A&E and I have passed by when public storage facilitys have been in the process of auctioning off peoples storage units, I was wondering has anyone on BP attended these type of auctions, any stories ?

I suspect such a post would be torn to shreds by our members.If you're getting unsolicited e-mails or PM from members offering this or any other sort of deal, please report them as this is a violation of the BiggerPockets terms of service.Real estate seems to attract a large number of scammers and hucksters.

A $60,000 offer on a computer monitor doesn't really carry the same problem-solving weight as a person who is prepared to sign on the dotted line right now.The other thing I think a lot of buyers forget is that this really is a relationship business.

E.

My plan is to find a broker that will back me with his/her broker's license in exchange for a share of the company, with the understanding that I can buy out that share using a predetermined valuation method at any time (as in, when I get my broker's license).I think under this scenario you can still do all of the functions of a property manager in addition to those "ministerial" acts that do not require much in the way of judg(e)ment.You are correct, though, that your broker has liability if you mess something up.

The glut might not be what it once was but it is still a glut and a buyer's/renter's market.For example, at 2 E Oak St, you can rent a 1 bedroom on the 10th floor for $1275.Or you can buy one on the 12th floor for $250,000 plus $461 in assessments and $200 in taxes.Which sounds like the deal to you?