I hired my own expert and discovered these issues did not exist but that the expert the 3 buyers had brought in wanted to be hired to do the work so they blew them out of proportion.

Or, ya know, just spend the next 140 hours trying to get a self-study law education followed by another few hundred hours self-study to sort out how to avoid repeating the situation.That's the reality of it all. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

This will clarify and reinforce what you are reading.

And finally most states have laws about how many days you have to change your information.  

Thank you for this post, Garrett! 

Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.

As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection.