Very first one I did I had to stay in and do the rehab because Freddie Mac slipped in a deed restriction the title company didn't catch until we went to do the second closing (they weren't same day, I was doing the loan and the lender was dragging their *** so I funded it for my borrower)You used to be able to double close, but its limited nowadays. 

The holding period of a separate element placed in service before the entire section 1250 property is finished starts on the first day of the month that the separate element is placed in service.The holding period for each separate improvement qualifying as a separate element starts on the day after the improvement is acquired or, for improvements constructed, reconstructed, or erected, the first day of the month that the improvement is placed in service.The holding period for each improvement not qualifying as a separate element takes the holding period of the basic property.

It seems as a safe and good plan in long term... but what would happen if the economy cracks again (I dont see the economy such an stable thing nowadays) a % of people loses their jobs, the vacancy rate rises, and the values of the property goes down and you still have a big portion of your mortgage to pay?

I'm excited about doing more short sales, seems like lenders are being more willing to move on numbers nowadays.

How's the demand in Madison Heights nowadays?

Hi Devin, you have to be very careful with cold calling nowadays.

Ie, most residences have a no-business clause in the lease, yet most people nowadays perform some degree of their work nevertheless in the comfort of their home.

I understand the importance of knowing specific areas well, as this would make my life easier, but I also think that with the technology we have nowadays (maps, street view, market analysis, etc), some research and a rigorous approach, this is something that could produce very interesting results.I'd like to know your thoughts, investors!

Nowadays, I give things I read on there about as much credit as The Onion.  

Only in LV could you pull this off nowadays.