@Jenny PenaJust a side note...E/M is not required to have a legally binding contract is Texas as long as all other contractual elements are present.

John Wagner, IIThis entry was posted in 1031 Exchange and tagged 1031 exchange, Attorney, Built-to-suit, Business Law, Florida, Lease replacement property, Related party, Sarasota, Tax Law on March 11, 2014 by E.

i think its still important to do your research when screening the tenant. he might be able to pay full year lease now but what about after the lease is over. what debt does he have, and whats the deeper reason for paying up front, does he have a stable job. treat this as you would any potinial tennant dont just see the big check.

If you'd like, shoot me your e-mail address and I'll send it to you on my lunch break.

Great way to grab some back link juice and keep progressing forward in SEO. 

E is the reported income and expenses for the property.

I struggled for hours to find someone at the IRS who would interpret it so I could do my Schedule E with Turbotax.

Not all but many are like this.They are almost like having a child needing constant care and attention to keep them doing what you want them to do (pay rent on time and not cause trouble).I like higher income rentals now with more stable sources of income.

The juice on $23K would be 3% ($690) and you can get zero interest for 12-15 months.

For some, the deposit is already seen as "spent and gone" and never expect anything back, based on the condition of the place they leave it in, or live in, for that matter.So the MTM gives me the opportunity to get rid of them by cancellation if they irritate me, and the lease does not have an advantage for me since most have basically nothing to loose.People with a more stable and higher income I do leases.