It's hard to use hard money on these since you typically need an inspection of some sort. 

I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here

In both states, the transfer taxes are typically paid by the seller, but terms may vary.

This is also why two parties go to court or arbitration, they differ in their interpretation of typically very clear language in the contract and one or the other doesn’t want to honor it.

I would also recommend making sure the current owner is in good standing with the association and that all dues are current, otherwise that could become your liability post-closing.All in all, if everything checks out and the numbers work for you, condo/townhomes can be a less daunting way to break into RE investing, especially in a high-priced market like NJ.

When you sell, this depreciation must be "recaptured" and is taxed at a higher rate, typically 25%.So, the taxable amount is **the difference between the sale price and your adjusted basis**, including depreciation recapture.

And I'd bet your 'Contractor' is not licensed or is not very good compared to typical standards...But good luck....

I am just not experienced enough to tell what typically happens if a professional mold company tests and finds mold unbeknownst to me.

From a lenders perspective, it is typically too risky to offer someone more than 75% on  a cash-out refi.

Webinars and getting people to sign up for events is typically the most productive or dinner where you share what you are doing.4.