Learn of course, but many of us have purchased properties throughout our career without "iron clad" veils and have done just fine.  

Ideally would be purchasing some land out there & using our building background to do something unique. 

This is mainly how we find buyers to offload our learnkey properties too.

That’s true in our neighborhoods anyway, but we favor cash flow so it works out fine.

Basis 525K Cashout 725K We are owed 200K due to personal funds investedWe want to purchase 2nd homeQuestions:1) Since our basis is less than cashout, will we owe taxes or can the money owed us be used to offset difference?

@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.

Our company uses the growth plan.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

Many of our competitors would have walked away, leaving us with the upper hand.If you have the right mindset and the right resources, properties that others shy away from can become some of your best deals.Have you ever dealt with a property that took months to resolve?

Things like a new roof can range - here in Philadelphia where i do a lot of work, our flat rubber rowhome roofs are fairly inexpensive and standard . . .