Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

Also, based on what I wrote, if any of you do off market buying, I would appreciate ANY advice.

First off, let me start by saying I logically understand a winers attitude is not based in victim mentality.  

I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.Thank you,Shawn I was in the 6 month program and paid $5000.

If a single-family owner-occupied property is worth $400,000 - I wouldn't invest more than $280,000 (70%) in a note secured by the property.ITV takes priority over desired yield - so even if the note discounts to $350,000 based on desired yield, the investor still won't go beyond their maximum ITV. 

We've never used percentage-based criteria, like the 70% Rule, for purchases.

Hey everyone,I’m Luke, a new investor based in St.

I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.

You can look at successful STR's in your area and make a list based on photos.  

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.