Your business structure and plan should be comprehensive to include liability concerns, state/fed/local taxation, asset protection, borrowing, retirement, insurance, exit strategy to name a few.

Some states are considering or have implemented rules that require wholesalers to provide clear and comprehensive disclosures to property owners.

It's amazing to me how many people don't think about this and how many houses we see with water issues that are so obvious on what's causing them.So, because you've ALREADY experienced issues, this may be a solution.A more comprehensive deal of digging down, putting in drain tile, perhaps a vapor barrier on the outside, would be a 'next step' in my opinion.IF you are selling and need that 'comprehensive' thing as a selling point, I might consider going further, however if you are holding for awhile and can observe results I'd go with my original recommendation. 

I don’t think it should take you long to understand what you read - you write well and answer questions on point, so your comprehension must be good.

All required $500 deductible on comprehensive and collision.

If its the "neighbors fence", you cant do anything...So before you bite people heads off, clarify what you mean by "the neighbors fence"..... if its separates your two properties and is on the property line, it belongs to both of you LOL, boy are you special....let me break it down for you so YOU can understand as reading comprehension and critical thinking are obviously not your strong suits.First off: the guy clearly didn't read the post, if he did, he would have noted that I included that information IN the post.

Your reading comprehension is a huge fail. 

That's not our customers' problem, but it's a reality we could not continue to ignore.Even with the increase, though, we believe Buildium is still a great value when compared with other comprehensive solutions that include accounting, e-payments, tenant screening, rental listing syndication, maintenance, and other integrated services.I know there are other options like Cozy and Rentalutions, but I don't know them well enough to recommend them.Please let me know if anyone finds a less expensive option that meets their needs.

It's not done yet, but there are several videos in there that could be really useful for you.Some of the info is Austin specific and there is so much to know that the thread can't possibly be a comprehensive "How To," but I've tried to cover off on the important points to help people out.I'm posting another video later today where I go visit a property that one of my wholesalers flipped over to me.

As you stated in your post, you are limited to the $25K passive loss limitation, and NO Forms 1099 are required.As Charles said, the law referred to in the JOA article was repealed by the signing of HR 4 (Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011) on April 14, 2011.