Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I’d need to borrow about 50% of the value of my current home to fund the remainder of the price of the new home, and would retain the current home as a rental.

.📌 Landlords owning older multi-family units in Las Vegas face the challenge of keeping up with the evolving market to attract and retain tenants in the face of fierce competition from newly built alternatives.

And, if the home has, at minimum, retained its value then 8 years in loan payments should have reduced the debt therefore creating a potential profit when sold. 

If you stay past 7/15/15 option number one will go into effect and you will be responsible for the full term of your lease.GUEST POLICY:A "guest" is defined as a person invited into the Leased Premises by the Tenant(s) and/or Occupant(s).A guest may not stay overnight more than 5 consective nights per month or more than 7 total nights per month.All guest(s) must observe and obey all terms and conditions contained in the Lease.

My contractor found some retaining wall/foundation issue... it wasn’t a difficult fix but found out from the city that retaining wall permit on this hillside was going to take at least 8mos.... so I walked away.

I retain ownership until they pay for it in full.

Although I am new to posting, I have quietly observed activity on the Bigger Pockets website and forum for quite some time now.

But make sure you have clear written expectations in your contract, and just know that you will have to observe and give notice when they don't do it.  

@Thomas Rutkowski my attorneys are on retainer, and if they are the ones who wrote legislationfor the IRS I don't see why "paying" them would change the outcome. 2nd, here a quote from IRS handbook....it seems your attorneys like to bet the audit game.If you sell property for which you claimed or could have claimed a depreciation deduction, you must report any depreciation recapture income in the year of sale, whether or not an installment payment was received that year.