So, your CPA is correct in saying that the insurance proceeds won't be taxable assuming they were used to repair or replace the damaged portion of the property.Cost Segregation Study (CSS): A CSS is a tax planning tool that allows you to accelerate depreciation deductions by identifying and reclassifying certain components of your property as shorter-lived assets.

The quality of modern lumber is simply far inferior to the quality of lumber they were using to build homes in the early and mid-20th century.

The buyer does not need to use that particular lender, they are simply trying to protect their clients interests the best they can.Go back to your lender and get the pre-approval letter, else your offer will likely not be accepted.

Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

Best, DragoIt does sound better to just change the name, and being identified isn't much of a concern. 

Lead GenerationDefinition: Lead generation is focused on identifying and converting prospects who are actively interested in buying, selling, or renting properties.

Are you simply finding the owner via the list of tax delinquent properties available on ALDOR?

The plan is to have a property manager identified by end of November, then have them in place January.I have posted them on military group pages associated with the Navy in this area, especially seeing that the Naval base in ten minutes from the property.

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

Thus, as I am at this point a ‘hobbyist’ and not a professional I presumed I would simply report whatever minimal profit or loss realized on this first joint flip project as pass through income.