They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

Anthony,Per my previous numerous communications, JBS is in the process of finalizing all accounts including yours.

Since you won’t be managing this yourself, clarify upfront if the GC’s fee includes coordinating subcontractors, pulling permits (if needed), and handling inspections. 2.

I'm actually not leveraging bonus depreciation at the moment, and am looking simply to offset normal expenses (including standard asset depreciation) against non-passive (W2) income.

Biggest lesson here for everyone is NOT to include utilities EVER!!!!!

Vacant properties can sometimes be the way to go because you can try and get top market rent, as well as include any fees or protocols that might not be in a standard lease.  

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

Although, I completed several gut renovations including garage conversions, in the past, I recognize that this is a different beast.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.