Thank you in advance for your opinions and help.And if this went well enough I could just keep it long term rental and when I sell 1031 or I would have a few years to use my 121 500k exclusion.. 

If you fail to take exclusive possession of property within three years of the tax deed, or at least file an ejectment lawsuit against the taxpayer within that time, you lose all of your rights. 

Do you invest exclusively in your home state or nationwide?

In an 1876 atlas there were newspaper clippings from 1916. 

Furthermore; you can expense/capitalize items directly related to the rental portion.3) When you sell the building - The personal portion of the residence will qualify for section 121 exclusion(250,000 or 500,000 depending on filing status) and the rental portion will qualify for a like-kind exchange.

We have been buying properties exclusively in CT for the past 3 years and are interested in other state markets.

The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?

We're a high volume, high quality, low price rehab only company that services REI exclusively.

This is your home, you are paying for exclusive use, he needs to respect your privacy.

@Nadia Garcia I work almost exclusively with investors in the Berwyn/Oak Park area, and love the fact that my brokerage here in Chicago is focused on the investor niche.