Buy something in class B neighborhood or emerging class C neighborhood with higher cash upfront low leverage to ensure you have enough cashflow in worst case scenario and see how it performs.

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

Worst case scenario,  I can get back into the workforce after a couple months. 

Underwrite for the worst you'll accept and then perform to your best ability to maximize over time.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

And worst if all I wanted to pay what I knew I owed and the owner wouldn't take it and now I have him threatening to go to the ends of the earth to get what I owe him when I can prove that I do not but because he wanted to hurt me now I have to go fight in court again to prove him wrong !!!!

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

You would need an appraisal, or some sort of FMV as of the date of transfer, which would essentially be your proceeds.Please don’t make the same mistake twice!!

The squatters would have to go through the legal process, which they won't because they know they have no evidence of legal occupation.The worst that could happen is violence, so you should only attempt this if you are prepared to defend yourself. 

Ideally would meet in person but open to some sort of hybrid structure as well.