@Matt Ferchwhat happens if you put in numerous offers, and 5 are accepted at the same time?

I did some research into the rules on taxation for gifts from a foreign person and wanted to confirm my understanding (given innumerable loopholes/gotchas in the tax code).

Our group is based in Kansas City and were involved in numerous transactions in 2013.

Now I'm just a natural born fool so don't mind me any cause I never was good at math and I got a D in Numerical Analysis.Assumptions down and dirty street style:Management 8%vacancy 15% (or more)expenses 45% can't calc debt service as don't know price but now we are are 68% with out debt,470X4X12= GSI $22,500less vacancy/loss15%=$3375GOI=$19,125less 45%=  $10,125=NOI $7200less debt service= ??????

I've been in the Houston area since 2000 and have had the pleasure of living, going to school and working in numerous neighborhoods from the Woodlands to Katy to the Galleria, Montrose/Midtown and now the south side in Galveston County.

You can park them in a Prepaid Asset account on the balance sheet as well and expense them over some extended period but that just creates noise in numerous periods rather than noise in one period.  

He has participated in numerous wreck dives throughout the pacific, is an avid lobster diver, and occasionally spear fishes.

I mean, yeah, duplexes are fine and all but there's only so many duplexes in the world and most of the ones in central Florida are woefully overpriced because they happen to be near one of the innumerable theme parks which don't actually make the place a more attractive rental. 

Note: Massachusetts is one of those rare Corrupt States that does not allow Title Companies to facilitate the Closing .I understand the whole process such as Municipal Lien doc and pro rated division of Taxes and so on and so onThe Broker is trying to say a Lawyer must be present .I say the Broker and Lawyer can simply go play with themselves , and if you want a Lawyer present, you can pay the worthless dirtbag from your own funds.Note , I have been involved in numerous Closings in the past, thou not in Massachusetts and have prepared more than one quitclaim deed in my day.Has anyone done a closing in Massachusetts without using an attorney ?

Although they are coming down, California is still overpriced and that would be just about my last choice of a location for a rental property business.I also question your idea of buying rentals in numerous markets.