@Zach Quick one reason these sell for cash is its virtually impossible to get such small loansIE 25 to 30% down on a 40k purchase price leaves a loan for 30k ish.... not many mortgage companies are keen on writing those types of loans they are losers .. vis a vi what they can make and charge on them...

That unit where the tenant had to be removed - that seems to be an item in the seller's disclosure that was misrepresented because IMO it is a material defect that should have been disclosed under part 17 sub-part vi.

Roger Vi, thanks.  

@Brian Burke   I agree I have not built anything like that just single family homes.. whole nother kettle of fish vis a vi insurance and what not. 

Chris Mason  my unique Identifier is 157464.. although I am inactive at the state level,  I keep my license current vis a vi CE...

@Vi K.

@Steve V. - i haven't initiated an offer on Orenco station property yet, but i could offer 10% lower than asking price ($290K) and close the deal for $265k if owner agrees. one thing which worries me is the $400 HOA on this property though it includes swimming pool, gym, etc..

Requesting any customers of any business then being conducted by the Employer to curtail or cancel their business with the Employer;vi.

Originally posted by @Leah V.:I

From Treas Reg §1.121-1(b)(2):...In addition to the taxpayer's use of the property, relevant factors in determining a taxpayer's principal residence, include, but are not limited to—(i) The taxpayer's place of employment;(ii) The principal place of abode of the taxpayer's family members; [Empasis Added](iii) The address listed on the taxpayer's federal and state tax returns, driver's license, automobile registration, and voter registration card;(iv) The taxpayer's mailing address for bills and correspondence;(v) The location of the taxpayer's banks; and(vi) The location of religious organizations and recreational clubs with which the taxpayer is affiliated.Always good to work with your CPA on strategies such as this.