Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

I can also share some great resources and guides to get you started.Let me know what specifically you're looking to learn, and we can set up a time to talk.

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Hi Shawn, I don't think the verbiage in a notice like this is state specific.

Big welcome.. do you have a specific neighborhood in mind, or are you still exploring?

Taxpayers should be aware of the criteria for this specific scenario.

Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

I’ve noticed that there hasn’t been much recent discussion or activity specific to the Gainesville, FL market, so I wanted to start a conversation!

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

When legal drama pops up (and it might), a paper trail is your best friend.The TakeawayHouse hacking has been an adventure.