EDIT: After posting that original comment, I saw this thread which I'd certainly recommend you read:http://www.biggerpockets.com/forums/52/topics/104090-federal-housing-laws-service-and-support-dogs-landlords-rightsIt spells out pretty clearly some of what I'd assumed, that service dogs are exempted from dog bans.

In understand how wholesale distressed property that is free and clear but not sure how it works for property that has county, state or federal liens.

The interest on your mortgage reduces your taxable income by the same amount.

Title Checks, Federal Tax Liens, HOA Liens, etc.3.

State and federal law requires all offers to be submitted anyway, so the seller will also hold the non-OO offers until after the "First Look" period expires.

The 2009 summary of US income and taxation http://www.irs.gov/pub/irs-soi/09in11si.xlsTo balance just one year's Federal budget, everybody's income tax would have to AVERAGE 50% to just break even with spending.

Normally, the IRS considers forgiven debt as income and its taxable.

I looked at the tax records and it shows its owned by Fannie Mae (federal national mort. assn).

We pay federal and state at the personal bracket level?

Realize that the amount of taxable profit realized on the sale could trigger underwithholding penalties unless you file quarterly estimated tax payments in 2012.