Like @Corey Hawkinson pointed out a person can still utilize them, but with much updated adjustments and conditional variations.

If a foreign investor is in the U.S. frequently or for extended periods, they could meet the criteria for this test and potentially face U.S. taxation on their worldwide income.

Updated bathrooms, kitchen, flooring!

Needed a place so we bought this property, updated it, then moved out after 2 years.

Its renting for 1080 and it does need some rehab and updates. 

During the trial period, I had several questions about how to set up properties, categorize transactions, etc.

So I went to be more passive for that period of time.

BP has been great for me :)An update here on the Morning Side duplexes we bought in Detroit.

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

@Chris G. any contract can be modified if all parties agree and sign it.Otherwise, your contract should have a renewal period or notice period with which either party can cancel.