@Randall Re II I think this is a sound perspective.I'll also add that it can be helpful to make a true apples-to-apples comparison with respect to your cost of capital.Many investors will look at just the interest rate when comparing lending options, some will look at the interest rate and points, and the most sophisticated investors will take a holistic view, or examine the total cost of capital.The total cost of capital includes not only the interest rate and points, but also the pre-closing costs and fees associated with the loan.Examining all cost variables allows you to make a true comparison between lender quotes.Nice post!

@Jonathan SchwartzLet's examine....If it's her primary residence and she's not MFJ she gets a $250k exemption on the capital gain. 

Also, find your PM contract and examine it for what happens for loses.

For about $250 an inspector can tell you if the property has termites, crawl underneath it to examine the foundation, and see if the roof will need replacing before the next winter, and much more.6. 

It isn't hard to examine liens over a 10 or 20 or 30 year period if the ownership hasn't changed. 

I would examine carefully this route.Plus, in some instance, even with your license own by an LLC it won't protect the asset if any issues arise.

For example, in many areas, a purchase contract dictates that the seller will pay for a title examination or search and the buyer will pay costs of title inusrance.

When you file the tax return you are attesting that “Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete”.

Yes, you are right - I definitely need to look at all these things in detail, re-examine rehabbing estimates, and then go through the numbers again.Question - how can I go about completing a good inspection on these types of things before we put our first offer in? 

I didn't think the UoP mattered for de minimis and was only examined after no exception to capitalization is met.