Be sure to advertise on both sides, you can even sell the back side 57. and recover your advertising cost!

My intent is to flip some of them in a few years when the market recovers.

Still recovering from the Niner loss!

I hope to eventually have some sucess in this business, and the opportunity to flip many properties.I am still very young, which i see as still plenty of time to make mistakes and recover from them.

Speaking of deposits,does the deposit carry over to the new owner or do i recover my deposit from the now defunct landlord?

If they do what they say they will do then they recover the money they put down and also learn the trade.

In some cases you can assign your judgment to the recovery company and their fee will be a percentage of the total amount recovered.

Proceeds would be: 1) The taxable gain 2) The taxable depreciation recovered (Which I totally ignored in my example before) 3) Any other equity such as the original down payment and any mortgage pay down over time.

Diego, if you can, I would go see a Legal Aid attorney and see if they can help you recover your Security Deposit based on tenant/landlord law in your State.

However, it will most likely take a lawsuit to recover anything from the seller.