Now, you need to figure out how to find deals and pay for them.

Now, you need to figure out how to find deals and pay for them.

I was wondering if it is worth paying for BP pro membership for the special discount with Home Depot (e.g. flooring, appliances, etc). 

I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.

After all, you have no evidence they agreed to pay rent or any of the other terms.

I don't see them showing up or paying any of the back rent that's due to become current if they wanted to stay.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

Step 2- close and start rehab-- would need to pay holding cost during rehab?

I can pay some va's 400 to make 1,000 callls per week.