The condo association's attorney sent a certified letter demanding payment of what they paid for the wining bid when they did the foreclosure for the condo assessments. 

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

@Risa Hind I'd like to second what @Ken Badziak has said (and of course I always like a guy that BP's with a glass of wine in hand ;) I would like to point out, however, that in addition to all the taxation issues you have the issue of reserves to consider.

.#2, to change your current position, you need to make your fist step forward, meaning, entering into the game#3, you have all the answers, you just need to listen to yourself.My name is Tomer, I'm investing in Tucson.I live in Israle, small country in the middel east.I operating in Tucson for the last 2 years, flipping houses and wholesaling, I'm not doing it by meself, I have an amazing partner that together we form a wining team. 

Hi everyone - I have a property in Orange County where the current wooden fence needs to be replaced (approximately 150 linear feet and two gates).  

Does anyone have any insight or experience with this issue, and any tips on which insurance to choose for large groups of bachelorette parties, families, and random drunks in Wine Country?

Spoke with my repairman and he suggested the following:"the small screws that hold the unit to a wooden window do little to prevent breakins.

During that incident it appears as though the roof pushed through the flooring and broke the joists/base holding up the floor (wooden frame house).This damage which is structural requires for the entire frame to be rebuilt.I have contacted a few contractors and the estimated cost is between $75k to $85k to rebuild the home to code.The downside is that this being a smaller city and rent being low, the properties in the area are selling for about $50k.I'm not sure if I could get a loan to rebuild and hold the property long term?...

The horse is "king" in this area with pristine pastures surrounded by white wooden fences.

Such safe income properties in this price range make sense when annual rent is 10%-12% of the property price.High Cashflow InvestmentsHere is an example: wooden frame house build in the 70's, selling for $35k and rented $650 per month.You should be aware that there is a qualitative gap in tenant sociological category when rents are lower than $900 per month.