I almost pulled the trigger on the program.

I've had a lot of properties that come across for investors west and SW of downtown Birmingham, but have not had any pull the trigger.

@Mike H.I completely understand what you are saying about those that don't use an over all 10 year pro-forma business Plan with an IRR project need to be consistent in their strategy mainly because there isn't much else calculations like Cash on Cash Return calcs will let you do, then you can ignore the fact that it's the INVESTOR that cash flows the Investment.BUT, when you use a comprehensive 10 year pro-forma IRR Projection business plan, there is NO set Strategy other that what IRR number will you pull the trigger because EVERY strategy can be modeled.That's the whole Beauty of the IRR!

Even then, some ends you won't be able to tie (such as a acceleration clause), however, in practice, the lender barely triggers the escalation clause.

If her spouse didn't file returns she must do so on her own.Respectfully but importantly, it sounds as though you spent too much time in your tenant's life and are now looking to "take care of her" the way her spouse once did and in the process trigger a bunch of taxes and frustration for yourself - trying to sort out a tenant's circumstances.

These are great questions, we help newbies overcome analysis paralysis by letting them examine one deal at a time with all the data they need to make a pass or pull the trigger.

Anyway, if it’s murkier than that, and there are circumstances that trigger some sort of non-compliance zoning/code issues, then you’re at whatever the hell process they say, and you better follow it through, cuz they have the law on their side if that’s the case. 

Probably still not cheap enough for most investors to pull the trigger and probably too "run down" or difficult to finance for retail buyers.

Rates are generally 4.75%-6.25% depending on the terms of the note.The use of non-IRA funds to leverage the IRA triggers a tax known as UDFI (see IRS publication 598).  

I know it sounds like I already have my mind made up but I'm getting as much input as I can before I pull one trigger or the other.Thanks!