Question: I'm an agent trying to deal with an owner on a small commercial prop says once a buyer signs LOI they can get any relevant leases do their due diligence as well as do their inspection before going to contract.

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

We have six properties under management with JWB (five purchased from JWB) and “it ain’t going so well”.Ask Me Anything 

Looking to learn more about seller financing, the art of the deal as well as connecting with like minded investors in Chicago and beyond!

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

You’ve done very well.  

Good luck and hope it goes well for you! 

Well done.