He KNOWS that being declared as a rental NOW will kill his cash flow - and that's even ignoring the soon-to-be-needed cap ex items.Just use the normal flipping formula: MAO = "ARV x 70% minus repairs/costs", and ONLY if it will still cash flow despite its high taxes, even at (your) 75% leverage.Is that enough formulas for you to now come back to US with your answer?

In order to be declared surplus, the City would submit the properties they had no need of, and have the City Council vote to make them surplus, allowing them to be sold. 

I am thinking that whatever I enter on my WC forms at EOY must match what I declare to the IRS.Is it possible to pay $20/hr cash at EOD and then report on a W-2 an amount so that after all taxes are withheld, then my employee is left with EXACTLY $20? 

One campus neighborhood thought they'd be clever and get their area declared a 'Historic Disctrict'.

I agree that having the financial muscle to take the property down AND complete can make all the difference.

If they cash is on the table and neither one hands it to me, does that have a legal implication, i.e. since she did not hand it to me, it could be his cash.If he is staying there enough, paying her bills, playing with her kids, etc. can he go around my denying his rent app and declare himself a legal resident?

The quit claim deed is just that, You are declaring that you quit any and all claims that you may have against said deed.If you had no claims (or interest) in said than the quit claim deed is worthless.

One is to declare bankruptcy.

Using stated or pro-forma income declaration to obtain a loan is very rare these days... except for friends and family or 'inside' loans.

@Dion DePaoli  First, thanks for your help on this, I really appreciate it.on the QCD it says "The undersigned Grantor declares.