Alternatively, target non-FHA buyers to avoid this issue altogether.Consult a Real Estate Attorney: Ensure your contract language is solid, especially with regard to title protection, seller obligations, and your rights in the event of default or dispute.By balancing your need for control with the costs of formal closing, you can structure a deal that works for both you and the seller while protecting your investment.4o

He does cover some wholesale/rehab material but it’s not the focus of the program.

Your failed sewer is clearly not that.You discovered a material defect in the property and have an out if you want it.

If the tenant identifies an area of moisture that may be causing growth we immediately address the source of the moisture, replace and damage building material (usually dry wall) and or use mold cleaning solutions/mold blocking primers as required. good luck

I understand that at a minimum, I HAVE to register in CA since that's where the property is, but the lawyer is indicating that NV's a friendlier environment for Landlords so I should register in NV and just "do business" in CA.My questions are:  Is there a material benefit to registering in NV and then also CA? 

This is far from passive. 3) alternate rent models (rent by room, STR, MTR).

Alternatively, if you gift the rent outright, you can't deduct expenses.Home Modifications: Yes, you can likely deduct expenses for modifications like adding a ramp, as long as the home is considered a rental property and the improvements meet IRS guidelines for being necessary improvements.

They bring food and hats and other marketing materials.

Alternatively, you could provide a credit towards closing costs.

Whether or not there is a self-employment tax attached is based on whether or not you materially participate in this business.