If you do a long lease, make sure you include periodic increases.

More people means a need for more housing, period. 

The tenants are not responsive and I have found out that it is a waiting period.

You can also take a further deduction for rebuilding your now-depleted reserves, but that has to be over a reasonable period of time as well.So you will be paying tax on ordinary income to the extent you pulled money out of the (properly established and safeguarded) reserve account less the amortized expense and a smallish deduction for that year’s contribution to rebuild reserves.

I am using the extended due diligence period to get the most accurate renovation estimate as possible.

Period.

No contingencies or inspection periods, and offers are always done in cash. 

It was somewhat understood after being on Bigger Pockets after a short period of time that talking about Sub2 deals were taboo.Then Bigger Pockets did a book deal with Pace Morby that had been doing sub2 shorter periods of time than many of the bigger pocket members.

We business partner and I started at the end of 2018, began with Drive 4 Dollars looking for distressed properties with potential and we actually found an owner who was very interested in our first drive - that deal was our first ever and only ever started on October 2019...a lot of back and forth, a death and renegotiation took place over period.

I charge $30 for the entire thing, so it's certainly not a money maker.My policy is that application fees are not refundable, period.