@Mike M.I understand but the house was built in 2015 so renovations will be to a minimum and the first thing I tell a seller is that a contract will be involve between both the seller and myself and the buyer and myself and also in the contract that I have I make sure the seller knows that if there are any unknown liens or taxes on the property, that may prolong the situation outside of the deadline that was giving.

The government has done an aggressive job of setting an un-natural bottom and prolonging the downturn.

Of course if things go south, you also risk sleeping on the couch for a prolonged amount of time or the cat being your new best buddy.

It is like watching a prolonged torture scene in a movie.

In Publication 527 the IRS defines improvements as something that “adds to the value of property, prolongs its useful life, or adapts it to new uses.”

But how much has the prolonged vacancy cost you thus far, $4-6-8k?

Isnt that pro-longing the amount of time it will take before that bad boy gets paid off and cash flow starts to really come in.

Never know what might happen, especially as properties start sitting on the MLS for prolonged periods of time.

Could something happen that could prolong holding the property?

Prolonging the repair and cutting deals is only going to cost you more $$ and cause more stress over the long run.