Again, I wish the numbers you are posting were correct, our income would go up by 100s of thousands,,,,,,,,, All the best THIS is my corrected post, maybe you were responding PRIOR to me correcting it 

Someone lived here 2 weeks prior to me clearing it out.

These was a brief time prior to this where Prime Rate rose to OVER 20%.Today you can't walk even 1 foot without tripping over real estate information, knowledge, and education. 

Thank you for the reply, I will indeed visit but prior to flying somewhere I want to have an idea.  

Assuming that the exact same parcel (no more, no less) sold previously, and you have a copy of the prior deed from the title search that your abstractor did for you, you could copy the legal description from the prior deed, word for word (diligently).Then you'd need the seller to execute the deed in a way that is consistent with West Virginia law.

Normally (prior to the Corona age) the annual expected return was over 10% (net) and the average appreciation around 6% annually.Taking into consideration that the time to complete a project is between 1-3 years (depends on the size) and my strategy at the moment is to develop the project and to cash out, I am not sure that offering a preferred investment is possible unless I am using my own capital to finance interest distribution.Actually, I am exploring 1.

So I would have had to form an LLC on a property prior to placing my offer.  

However, because that house was renting to 5 people prior (legally), they would still be allowed to continue that use.

I'm in New Hampshire.My net worth is pretty good because I own this and another STR condo outright but I'm low on cash flow due to prior rehab and just coming out of the slow season.

The IRS is only looking for a copy of the relinquished property sale contract, they don't necessarily need the contract for replacement property right away as the FIRPTA exemption needs to be approved prior to the closing on the sale of relinquished property.