That's a great way to put it.Hi Guys,Yes, that will be the move, I already know and have sketch of 2 ways to do it, I didn't want to get into a crazy rehab now, till I make sure my contractor is a team player and he will be able to do so, my idea is to add SF and create a master sweet, let's see if the numbers work fist, this is something I will do after the property is stabilized, I think I can get my capital back and some more with the 3/1 layout now, I will keep you posted!

Fix and flips will be completed in 2-4 months per each property.

It appears he wholesaled a property that someone had forged ownership on. 

If the property was rented less than 7 days on average during the year, and you materially participated in the activity, those losses would be nonpassive.

I don’t care about seeing a PFS history.

But I would be taking a huge tax benefit up front and making these properties much more attractive from an ROI perspective when modeling for that expected benefit. 

I am closing on a property sold via foreclosure auction in Connecticut where the tenant needs to be evicted by the State Marshal in the future.

Sometimes this creates appraisal problems.I'm also looking in to VA construction loan as well, potentially for a BRRRR property.

If you don't mind fixing up rough properties, we have found good opportunities in southern Virginia, we do a lot of renovate and hold in the Martinsville area

I already have a primary residence and another quadriplex, so this would be my second rental property.