There are Ex-Felons who could be Ok as candidates as they can demonstrate other credentials that compensate for this negative .

Afterwards, I can provide you with room dimensions, pictures of the property, and also pictures of a different home with same floor plan and size in order to demonstrate how I want the home to look.

(I would add that the seller understand that the buyer (or optionee), will have the right to hire a real estate agent and list the property on the MLS, etc.).In addition to all of the above, I would have the seller sign a "Memorandum of Understanding" (which is a simple agreement that displays that equitable interest has been established between the seller and buyer (seller & optionee).Good examples of various "memorandums" can be found on the Internet.As a buyer (or optionee), I would then record the "memorandum", with the correct county or city.That simple document will go a long way, combined with your other docs (contract, option, assignment agreements, etc.) to demonstrate to the State of Florida, that you indeed have a "right of marketability" (long with your "equitable interest").Dennis, I would think very long and hard to what I (and others) have posted here.And if these things are not quite clear to you, then you will need to learn them.Know what "a principle" of a deal is plus having "equitable interest" means in your State, and what rights you have (or don't have).Again I cannot stress this enough, if you are unclear about what to do, get professional help.Just "some added steps" to what you have done, can protect your interest in a deal, and should protect you (with the State of Florida).Please note I'm just a fellow investor giving you "my 2 cents" on this thread, and suggest that you obtain legal advise from a Florida Real Estate Attorney, Title companies and professional marketing opinions from licensed agents...Good luck with your deals Dennis!

The costs vary to have this analysis done, but it usually become cost effective on buildings over $500k or requiring substantial renovation.Word of caution, a DIY cost segregation analysis may be problematic with the IRS, unless you have some demonstrated experience in assessing construction costs.

This demonstrates intent that you would close on the property yourself.

So if, with their voucher, they'd pay $250 a month, you could insist upon a minimum total income of $2,750 a month to demonstrate that they can support themselves.

The point of the article was to scare the bejesus out of me and to demonstrate that the Feds can go after you YEARS later for something small.

Thanks---------------------------------------------------------------------------House Manual: Pictures and demonstration for each.

WOW...Focus... your problems and issues demonstrate that some people might not be the best landlords.

Cap gains will be $0.I would like to map out and present both options to the seller demonstrating roi and tax implications for each scenario.