Recently acquired a single family property through a death in the family. 2000sqft property needs a full gut and plans to turn into a 2 family.

Why would equity be important when acquiring a house via subject-to?

This is for anyone who does cold calling campaigns to acquire real estate deals.  

Contact numerous lenders, prepare financial paperwork, and acquire a mortgage pre-approval letter.

I just acquired it and would like to report this property on Schedule C to deduct the loss of first year operations and expenses against my other Sch C business(es) and my husband's W2.

Acquired for $158,000 and a quick resale value of $200,000, the property offered excellent profit margins.

Acquired for $196,000 with a resale potential of $369,000 post-renovation, the deal offered excellent profit margins.

Expenditures incurred in the course of a general search for, or investigation of, an active trade or business in order to determine whether to enter a new business and which new business to enter (other than costs incurred to acquire capital assets that are used in the search or investigation) qualify as investigatory costs that are eligible for amortization as start-up expenditures under § 195.

I became a wholesaler to build cash over time to invest in other areas.I still use the same techniques I learned in wholesaling to acquire commercial properties, land, and notes.

A successful venture involved flipping a 30-unit apartment complex; acquired for $450k, we revitalized it with a $150k construction overhaul, achieved full occupancy, added a laundromat, and subsequently sold it for $950k after two years.