You would then use this account for your credit from the above transaction.Make sure it's not included with your other expenses because you want your Profit and Loss to look like this:Income  xxxExpenses xxxNet Income xxx  <-----  This number is still really important to keep track ofNon Taxable Transactions xxx <----- This number will need to be added back to the Retained Earnings number as a manual adjustment on the tax return, if this is a multi member LLC, S-Corp or C-Corp. for each year going forward. 

Clause 1 TERMS: Resident agrees to pay in advance $XXX per month on the 1st day of each month.

Better call Paul xxx-xxx-xxxx".  

Or leave a post-it on the door that says "I want to buy your house Call me @ xxx-xxx-xxxx" It may be hard to find the phone number without paying for some sort of service and direct mail takes multiple touches to multiple prospects to get any real results. 

The properties have been vacant over a year and show similar ownership (each property is under some "education trust xxxx" with the xxx being the address number).

Upon written notification to Escrow Agent, he shall record the Quit Claim Deed to Lender, with the Recorder of Deeds in XXX county, no sooner than 70 days after the borrower's default...My borrower had stopped payment since June 2015 and the loan has past due since Nov 2015.  

Sometimes I'm just like, why would anyone pay $XXX,XXX for a house in this neighborhood (as evident by supporting comps), and it makes me hesitant.Do you/have you ever flipped houses in neighborhoods that are well below your standards?

i'm fascinated by this strategy, but i'm still a little hazy on the refi portion.Also...So is this the gist of the strategy analysis:purchase cost + rehab cost + holding cost + closing costs < ARV x 75% (post refi) AND property mush CF at $XXX/month?

McLennan CAD Property ID:xxxLegal Description (partial):xxx Block 3 Lot 4B 5 Acres 0.2083 ADDRESS: 2222 xxxx Ave.Waco, Texas 76706-2906DWELLING: The house and outbuilding(s) located at the above addressSELLER:Maria S xxxBUYER:Waco House BUYER, LLCTERMS:$xxx CashTerms and ConditionsSELLER warrants there are no outstanding “fix-it” letters or letters of demand for repairs, code violations, hazardous conditions or red tags from the city, county, or any other government agency.Offer is contingent upon BUYER being able to obtain a standard fire insurance policy.BUYER agrees to waive standard lead-based paint and asbestos tests required for older properties—years built from 1938 to 1952.SELLER warrants DWELLING is “hooked up” and serviced by city/county water and sewer providers.BUYER has observed marginal condition of roof on the DWELLING.

This means that, rather than have an employer take out x% every two weeks, she gets a full payment for her work and then we must pay $XX,XXX to the Feds 4x per year.