Prior to purchasing a zombie property/foreclosure, you will need to perform a title search to understand what liens are attached to the property and owner.

. - Is this a reasonable stance for the original PM to take?

Question1> Cash Out Refi LTV: Single assets versus multiple properties: If all properties are performing how many should be considered into 1 portfolio loan, or should properties be enter into loans separated then combined?

The property is a full rehab, possibly more, and originally had restrictions from Freddie Mac requiring buyers to live in the home for at least a year, so I initially passed on it.

Originally posted by Patrick K:I agree as well, however I HATE my email client for my website and love using gmail, but I would never send an email from anything but my company account.If I could find a email client that is close to gmail or somehow mirror my company email account through gmail I would be a happy man.Gmail definetly has the ability to send/receive POP3 email from other domains.

Originally posted by @Gary R Uren:No, just on the rental contract. 

And most people that I speak with, will actually take the property for what it is today and write it off and try to find something that is performing more optimally.

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

I also recommend you provide two sets for signature, so that both borrower and lender get signed originals.2.

He has two performing parks already in Nebraska.