The only time that a rental that wasn't placed in service (advertised for rent) in the current year would go on your return is if you were investing in the same geographic location as your other rentals.

Singles are relatively cheap to appraise, but a multi-family can be upwards of $500/door :ouch: Neither - Commercial building I suppose that description was unclear.

In this form, the owner changes the VESTING of the title, NOT the ownership================================This QUIT CLAIM DEED, executed this ____ day of _______________, _________The undersigned grantors declare Tax parcel No ____________________ Documentary transfer tax is $0.00, City Tax is $0.00For valuable consideration of the sum $ZERO Dollars ($0.00) paid to and receipt is acknowledged by{FROM} <current owner>, <current vesting>Hereby remise, release and forever QUIT CLAIM to{TO} <some owner>, <new vesting:Husband and Wife as Community Property>The following described real property {legal description}<whatever>IN WITNESS THEREOF, the said grantors have signed and sealed these presents on this day and year...-- followed by the Notary Seal and Signatures --(example is illustrative ONLY and should not be considered as correct for legal use)

Rehab and Hold within a geographical location of 1 hr. drive seems to be the current plan. 

As a first post I suppose a broad description of my goals is appropriate-My wife and I are looking to break into the rental property market at a fast pace.

I attempted to research properties, mainly in the IE, Riverside area, but the property descriptions were difficult to discern, w/o the background and no experienced person to reference, I didn't pursue it further. 

After you find the owner/previous owner name at the property appraiser site, you search the official records by owner name; it will show mortgages, liens, etc. by legal description.

I only have experience in a few states (MN, CO, and MO) and MLS are local entities, but I'd assume that in most (if not all) places If you give an agent parameters - price, geographic, etc they should be able to set up a search for you that goes to your inbox every day.  

They will not divulge details of the offences to you.If you go to the RCMP website, you can lookup the process for requesting a background check and a description of what will be disclosed.Typically, if we feel a criminal check is warranted on an applicant, we probably already have a reason to decline their application.  

@Shon Butanicongrats on reading Brandon's book and looking to get started. "2% rule-of-thumb" is more descriptive of the term.