I would simply tell the tenant that their rent wasn't paid on time.

I thought this was really odd considering that we were simply looking at 1-4 unit properties to purchase in Cleveland and I found it hard to believe that with a whole team of agents, they were unable to help us purchase some property. 

You can simply go to the Cost Seg Audit Technique Guide.You point to ATG?

The quality of modern lumber is simply far inferior to the quality of lumber they were using to build homes in the early and mid-20th century.

The buyer does not need to use that particular lender, they are simply trying to protect their clients interests the best they can.Go back to your lender and get the pre-approval letter, else your offer will likely not be accepted.

Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

Are you simply finding the owner via the list of tax delinquent properties available on ALDOR?

Are there concerns like location, zoning or land use, or is it simply about passing the inspection if it's a residential use?

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

Thus, as I am at this point a ‘hobbyist’ and not a professional I presumed I would simply report whatever minimal profit or loss realized on this first joint flip project as pass through income.