Hey Mark,I’ve been there....stuck with a property that felt more like a money pit than an investment.

Hello @Vinay Sanapala,I recommend listening to the excellent comments from: @James Wise, @Drew Sygit, @Jay Hinrichs, and @Mark Cruse.I regularly read people claiming that Section 8 is free money and guaranteed.

It all depends on if you really are consider refinancing after the 3 yr mark.

You normally want to mark that the partnership is filing a final year return.If one partner is being brought out, that individual will have to report a sale on his/her individual return.

I've had really good luck with the upper starter home level homes with an ARV around the 150,000 mark.

Quote from @Richard Mark: Hi Karen.

For every newbie wholesaler who does 1-2 deals, there are 100 or more who spend their last dime on one month of marketing and don't realize how long it takes to get deals done. 95% of wholesalers are focused on the check and not the client so they aren't solution-oriented and miss the mark every day.

Quote from @Mark Husband-Wood: Is anyone familiar with late fee laws in Maryland for a commercial property?

If you are focused on getting multiple assets at once, consider this:1. you really don't have enough available capital to do this safely right now and you will buy cash flow properties with cap ex which you will need reserves for2. you need $15-20k in reserves for each property you buy so factor that in3. when you try to buy multiple properties to start, you end up missing the mark on your first one because you are collecting and not curating your portfolio

Mark, the option fee/option money/option consideration, is a nonrefundable amount of money paid upfront from the tenant/buyer to the seller.