I was under the impression of 60 days as well.

I was maybe getting the property under contract.

The agreement specifically allowed KeyGlee to use the End Buyer's EMD to secure the underlying contract with the actual seller... and to forfeit that EMD if the End Buyer failed to close.

Upon inspection, the pest control company found holes in the walls under the kitchen and bathroom sinks.

A friend of mine picked up a duplex there last year for under $150K, added some sweat equity, and turned it into a cash cow.Chattanooga, TN: This market has been quietly making waves.

My question is, do I just use the heavily reduced price I was able to purchase it for since it was vacant, and then the material cost of what I renovated plus what things I did contract out, even though that basis would be way under what the other renovated houses that sold near me per SF sold at, or are you able to use similar comps to determine the depreciation basis?

I'm under contract for a nice double and was hoping to use part of the money for my portion of the down payment.

Buying a property under general partnership with 2 other friends.

There's a section under "Build Your Investing Team" for property managers to help you get started.

@Jeffery Jones As someone who owns 6 single-family homes under the Section 8 program and runs a property management company that manages over 100 Section 8 properties, I’ve learned a lot about the ins and outs of the program—not just the idealized version often shared on social media.If done correctly, Section 8 can be a great way to diversify a portfolio.