Now throw in a mandatory termite inspection (because the one performed by the original inspector wasn't good enough), a contractor walk-through for a repair estimate AND the post-2008 collapse 3rd party appraisal requirement and we're looking at SIX separate events over three months.

The first phase will be the structural repairs which consists of:Replacing the main girder beam due to termite damage.

What is the most economical solution to extensive termite damage?

Land could be a good investment vehicle in long run, but in short term it will not give you any thing (cash flow) until you sell it.

If it is CVS's they tend to have flat rent in the primary term so you want fixed debt for the 10 year term. It

However, there is a lot of termite damage and the lines aren't sub metered.

To me, you would definitely want to get it in your name by getting financing and going through normal RE closing (title search, termite inspection, etc.) to purchase 4plex from your brother-in-law for the $50,000 he still owes on it.

I'm a new investor and looking for some advice; I bought a Townhouse at the Harris County Tax Sale, and right after I won the bet I went to take a closer's look of the property and I realized that was inhabited, so I changed knobs and 3 days later after talking whit neighbors and HOA's I started to remodeling by myself, because I wanted to know the entire process of rehabbing , (my intention until this moment is the BRRR strategy) obviously the plumbing and electrical had been made for professionals.What Was suppose to be a cosmetic rehab turned to be a full remodeling, changing the hole plumbing, roof, siding and part of frame because termite problem, also a new carport roof, so my budget is in the sky and I can not afford to finish the rehab.Just when I was about to stop a Investor came by and we agreed that I will sell to him and he will finish, but I have many questions about this option:1.- I already have the title from the court under my name, Can I sell if the auction was in February ?

Obviously in escrow we had a termite inspection.  

It's got termite damage but it's still going to work out.