The 4 unit I am buying the seller wants to move to Florida SUPER bad and is carrying back a 2nd mortgage for me.  

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid. 

Unless you are feeding the cats it is just the way nature is, other outdoor animals like squirells can carry fleas too.

Some states are communal states, so you just have to make sure if the debt carries to your spouse as well.

Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100 

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

We can fold 500 letters in about 10 minutes. 

I left numerous contact me letters to speak to the owner to discuss options and potentially cash for keys.

You could form a single LLC for all properties, which is easier to manage but carries shared risk, or you can create an LLC for each property, which offers better protection at the cost of more administrative work.

The developer will carry all the cost to build the homes and split the profits of the home sales with the realtor.