The second question is, as my family is looking to occupy the property for the majority of the year, we are wondering if we need to register or seek a permit if we rent it out less than the 90 days of each year? 

@Neal Coppola As mentioned above, inventory has increased significantly for these lots, but with that being said, the overwhelming majority of those aren't listed anywhere close to what I would consider a reasonable price.

It seems that BP is majorly split between those who have never done a deal (probably 80%) and those that have 2+ deals under their belt (20%).

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

Hi, I’m Mike, a former Major League Baseball player with 15+ years in commercial real estate investing.

I have two primary investor-partnerships thus the buy power is doubled as major projects come from 2 sources.

Without any major renovations, we strategically sold the property the same day for $20,000.

And majority of these are confirmed to not be HBI.

Now some states like Ohio once the props go up the vast majority will sell. so depends on the state and jurisdiction..

It is the gross income minus major capital expenditures. i.e.