Its a pleansant afternoon with proper ear protection :)

Who was their funding source?

And actually, if you structure things properly you shouldn't have to worry about the tax implications at all.

Have also used list source and prop stream before but the data they provide is very similar to what I pull off the tax records through CRS Tax. 

In my 30 years doing this I’ve found that as long as you address each issue that comes up properly and do the repair needed to bring that part of the building up to current code then you will be fine.

We network with other fix & flippers teaching them how to properly structure a seller financed note so that it has value on the secondary market, we then buy a partial from them to take out most, if not all, of their cost basis so they can recapitalize and go do another deal. 

With proper tenant screening and systems in place you can absolutely be a successful landlord.

@Manuel Angeles affordable deals depending on size can have multiple funding sources….

I am orginally from Elgin, but living down in Logan Square area of Chicago proper!

Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.