OK so you are saying...Most attorneys won't want to risk it.Yet your tile of the post says: "New law makes wholesaling illegal is SC"I have had my issues with you for years already mainly because you can never admit you are wrong.So which is it?

Exterior:Applied fresh paint.Replaced siding due to wood rot.Interior:Installed new ceramic tile flooring.Added new kitchen cabinets and granite countertops.Updated the bathroom with a new vanity featuring granite counters.Refinished the existing tub and tile surround.

Between me and Kevin S  I haven’t heard back from him if his side of the thread wa deleted as well   I'm getting that ad also and now can't go to my Inbox to message someone and when I click on Notifications, same pattern, over and over when I try to "x" out to close the ad. 

When there truly was such an intent and no pattern of flipping, it works.

@Sydney Scherer, I'm sure a lot of people would recommend LVP or even tile as replacement flooring, but for rentals in kitchens especially I actually like peel & stick vinyl floors.

You need to switch to properties that are…Less than 20-30 years oldHave stucco siding and tile roofsDon’t have tornadoes, hurricanes, snow storms, earthquakesHave very low property taxesDon’t have state income taxesHave very cheap insuranceI have an average repair budget of under 2% of rent, average vacancy of less than 2%, insurance is 3%, property tax is 5%, capex is less than 1%.

Hey Michael - we definitely have a lot of consensus here - based on the facts in Texas, I would agree with you that it sounds like the burdens and benefits of ownership (or at least a significant amount of them) are transferred as of the auction date, and based on what you stated, I would also feel comfortable taking the same position for a TX property - it would certainly not contradict the revenue ruling given the related restrictions on the property and taking possession are an entirely different fact pattern, making the ruling moot in your scenario.Which I think highlights even more one of my closing points (and your point as well on Jurisdictions) - this likely changes wildly by jurisdiction. 

There was crack in the floor tiles that ran through the kitchen floor and into the hallway. 

The caveat is just being grounded and in a pattern of constant learning but never having the faith to leap forward (i.e. massive amounts of inaction).

When we had an appreciating market, high inflation, low unemployment, extremely low interest rates, obvious relocation patterns (especially during covid), there was so much room for error.