Looking forward to connect and understand your experiences around 1) Title researching2) Resources for title search from public records3) Clean title 4) Post auction process i.e., payment, deed, quiet title etc

I could see the feds stepping in here and clean this up a tad if a bunch of these deals have or are going to go bad.

This would essentially defer capital gains until you either 1) sell the new deal or 2) die and the IRS cleans the slate.

I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

As for returning the deposit if there was clean up, hopefully you took photos of the condition of the home once it was vacant and have an itemized bill to present the former tenant. 

No update of common area finishes although clean and well maintained.

We plan to let them start their maintainance and clean this month and just raise $100 MTM rent so we can both win-win.

I got permission to 'stabilize it"--clean and fix broken things only. 

The neighborhood I'm looking in is a pretty rough, which is why homes are so cheap, but the opportunity is there to provide clean, safe, and affordable housing for a Section 8 voucher holder.

I've done roughly 100 flips since 1998, and routinely work with several local hard money lenders in my area as well as a few national ones.