At any rate we've heard your point which by your own admission doesn't apply to the situation of the OP.

Frankly, I don't understand why regulators aren't knocking on doors with the admissions and ploys some here post!

And it seems there are investors willing to pay that cost of admission.

It can deter vandals and make any conversation recorded on that property admissable in court.I am not a lawyer.  

If it ever goes before a court, they would simply count all of the wholesale deals and ask how many you actually purchased.By their own admission, most wholesalers get into the business precisely because they do not have the funds to buy anything.And of course they are taking advantage of a distressed owner.

The additional energy savings would pay for finishing the basement in 4 - 6 years.Needless to say, I was ignored and it wasn't until the electrical bill came the second January in the house that there was an admission they perhaps should have listed. :-)So far attitudes are such that we cannon demand higher rent for our buildings that have undergone a deep energy retrofit, but we are noticing that turnover is down.  

You came to us with properties that had been badly mismanaged by someone who, by your own admission, scammed you—properties were in such bad shape that any other legitimate company would have refused to touch them.

Just a few comments, not an essay, LOLRestraining a property owner from obtaining equity, such as doing a first and not allowing a second behind them can be illegal, (State laws vary) and is predatory, even in commercial.

Chalk it up to the"cost of admission" for entering the REI game and keep on going!

Now I'm wishing I went with a 5/1...Source: http://www.katehorrell.com/capital-gains-rules-for...There's a lot of replies with sound advice from everyone contributing to this post so I apologize for not responding to everyone directly as I would end up writing an essay!