Any suggestions on documents to ask for in addition to -Violations - Environmental hazards -Zoning issues -SurveysThanks!   

In addition to what has already been said in regards to the rental income it can make you, another important element to consider is the added equity in the property.

All inspections were good, but the home would need new permits.My question is if the abanded property can still be salvaged or does it have to be torn down and redone after sitting in the elements for so many years?

These are just normal operating costs, not even getting into when things go sideways (which they tend to you when dealing with the human element combined with physical property that is constantly deteriorating).

Ours was weak and unprofessional, lacking essential elements such as an arbitration clause, dispute resolution mechanisms, and clearly defined communication methods.

While independent filing is feasible, especially with the help of tax software for straightforward situations, the unique elements of your portfolio suggest that professional guidance could provide the most value, ensuring you navigate the tax rules effectively and maximize your investment returns.All the best,KC 

Networking sessions are a common element of REIA events, providing an opportunity to meet investors, discuss your objectives, and get guidance.Real Estate Experts: Establish connections with nearby mortgage brokers, real estate agents, and other experts.

Since I'm not a lawyer I'm not going to give legal advice, but I have written a lot of contracts for my company and for clients. this includes wholesale deals and consideration is the main element of a contract.

Alan, not sure which element is confusing for you.

Sounds like you've got great instincts and are ahead of the curve with understanding the most crucial element - which is adding value.