It is also my understanding that assets contributed to the corporation are contributed at cost basis, but if withdrawn, they are withdrawn at FMV which may create a taxable capital gain for the taxpayer.My understanding may be imperfect, but these issues certainly bear further examination.

If they disagree, then I'll consider eviction.Any advice?

Dan I would just look at how many hours and money you will need to put into this deal and what is the return versus working on other deals.I fit is a difficult deal but I make a lot I might take it on.I fit is a difficult deal with close to or the same margins as easier deals I might pass on it.I second talking to a probate attorney.You need to know for your state what the options are.Probate properties can be a nightmare when the heirs want different things or disagree on the value of the property.

I dont disagree that showing vacancy or maintenance should be included as well.

Keep your head up and good luckI gotta respectfully disagree.

Ebere,I must distinctly disagree with you as IRS rules and regulations state that all expenses in preparing the property for rental activity(defined as listing for rent or actually renting which ever comes first) are added to basis.He inherited the tenants when he filed for the deed of a home in which as he stated the intent was to flip.

Aaron- I'm not sure I disagree with most of what you said.

I disagree.

I'll disagree with Scott but tend to be closer to Mike.LTV means little to me as I don't have an exit strategy that involves selling.To me, it's all about my DTI ratio on the investments.

I respectfully disagree about being able to get 1,000 homes up as fast you suggest.