If he is on board with that then move forward but if he has any hesitation you need to cut that guy loose because those are the ones that come back looking for money.

Only one is open because the boarded up door came a loose.

They include but are not limited to the following: Contaminated soilProximity to a hazardous waste siteOil and gas wells located on the propertyHeavy trafficAirport noise and hazardsOther sources of excessive noiseProximity to something that could explode, such as a high-pressure petroleum lineProximity to high-voltage power linesProximity to a radio or TV transmission towerProperty AccessThe property must provide safe and adequate access for pedestrians and vehicles, and the street must have an all-weather surface so that emergency vehicles can access the property under any weather conditions.Structural SoundnessAny defective structural conditions and any other conditions that could lead to future structural damage must be remedied before the property can be sold.

My finances aren’t amazing so I haven’t been serious about investing to this point but the more I think about the time I’m loosing, the more I understand I need to work hands on with flippers and especially investors who hold.

If he will be utilized to check the health of the association, bylaws, etc, you can anticipate a bill of in excess of $3000Experienced investors have offer forms they fill out themselves, but unless the state has a promulgated contract, you will be foolish not to engage legal counsel.

@Ethan Mastrodonato The whole point behind having the security deposit is to protect the landlord against excess cleaning, breakage, or theft upon move-out.

I will always include an inspection contingency / study period to protect myself... with a duration in excess of what should be necessary to complete the due diligence.

. §1.165-9(b)Property converted from personal use(1) If property purchased or constructed by the taxpayer for use as his personal residence is, prior to its sale, rented or otherwise appropriated to income-producing purposes and is used for such purposes up to the time of its sale, a loss sustained on the sale of the property shall be allowed as a deduction under section 165(a).(2) The loss allowed under this paragraph upon the sale of the property shall be the excess of the adjusted basis prescribed in § 1.1011-1 for determining loss over the amount realized from the sale.

I am very data oriented, but also very busy in my day job, i feel that spending a few hundred dollars on a property to help develop a good number or show a bad deal early on then being stuck loosing thousands at the end of a deal. 

I understand you can begin the process to receive the treasurers deed at 2.5 years and in theory (excessively unlikely) receive the deed in 3 years time.