However, if I was able to depreciate the building and use that to shield my income and at the same time allow for me to report capital gains, I could use the $250k allotment as well, no?

Buyer shall exercise either option by written notice delivered to Seller within _____ days (3days if left blank) after the physical inspection of the Property.(2) If Buyer requests Seller to correct the specified unsatisfactory conditions, Seller shall respond to Buyer by written notice within _____ days (5 days if left blank) of receipt of such request as to whether Seller is willing to correct the unsatisfactory conditions.(3) If Seller elects not to correct the unsatisfactory conditions, Buyer shall respond to Seller by written notice delivered to Seller within _____ days (3 days if left blank) of receipt of Seller's refusal to correct such conditions and advise Seller of its election of either (a) to terminate this Contract and recoverthe Earnest Money pursuant to Paragraph 3 above, or (b) to waive in writing the request for correction of the conditions and proceed to close the sale.(4) It shall conclusively be deemed acceptance of the Property, including ordinary wear and tear until the closing, if Buyer fails to notify Seller in writing within the allotted times stated above of any unsatisfactory condition revealed by the inspections, or fails to notify Seller in writing of Buyer's election toterminate this Contract as herein provided.

Make surethat you receive references and a good faith estimate withinthe alloted 3 day period.

Can usually allot 5-10% vacancy factor and same for maintenance.9) Class B usually also okay, but needs more attention from owner and/or PMC.

Some of the reasons: state law requires a minimum waiting period of delinquency before the foreclosure can be filed; to file, state laws require certain consumer notices be sent to the delinquent borrower, and some time is allotted to that; sheriff sales might only be allowed in one day per month in some counties; court system can get backed up, so that a postponement in one month can mean that the next hearing date is months later, missing many possible sheriff sale dates; borrowers will use bankruptcy; borrowers will attempt loan modifications and there is now law that prohibits "dual tracking" (bank can't negotiate a loan mod and simultaneously pursue sheriff sale).  

Good day guys, I'm a realtor in St Maarten and yes there allot of opportunities at very low prices.

I have found some wholesalers in the area and use allot of on line places so I just assumed there had to be other places other people used.

It seems the restriction from doing L/O in TX is the time allotted before purchase.

Turns out while i have allot to learn, I don't have much of anything to contribute on  forums or to folks that have good info in the forums.

As you can see from other threads - you should allot at least 50% of gross for repairs and maintenance unless you are a slumlord.