If you do very well, get an auditor to audit your performance.(3) Advertise your results to investors.In step (2), if you don't do well, you probably need to start another incubator fund or look for a different career.

- How will you audit him for the rehab costs?

I previously audited a bank (during 2007-2009) in Las Vegas and found myself amazed at the market information for that area and how the market for SFH took a 40%+ drop in a single quarter.Thanks again for the post!

I thought I had heard something about they get audited and it looks bad to have houses on their books/they are not allowed to foreclose and just hold onto the property?

We hired an Enrolled Agent CPA, so that should we be audited, he could stand in our place.

It is all about proving intent should you be audited.  

The problem is that the law is very clear that such assignments are taxable so you deal with audit issues.

Makes it much easier to make your case in an audit. 2.

I've just told him that if we get audited he needs to come testify that the work was done ;)No references for HVAC.If you can't find their contact info through a google search please shoot me a PM and I'll send it over (don't think I can post it).

You need to review the leases and see if Aaron's for that location has to disclose annual audited sales numbers.