They have no written leases, they are all oral and the owner still doesn't have a report on who paid rent this month.  

With a buy, hold, and refinance you can take advantage of many of the long term tax benefits I stated above, but get a large amount (or all) of your capital back out of the project (tax free) at the time of the refinance.

If any of you ever want to meet up over coffee, or all of us raid a Starbucks together, we could form an LA out-of-state investing meetup of our own, BP-style!

I'm still a bit confused on your HELOC scenario, are you basically saying that if he ties up most or all of his $180k cash buying and/or rehabbing the first home, you'd want to get a line of credit based on the value of that first home purchased for cash, thus to use the HELOC funds to buy and/or rehab more houses?

Depending upon your income you may be able to deduct some or all of a loss.Feel free to ask if you need an explanation.

The lines that run through those building are they in good shape or full of collars and do the boilers look rusty or seem inadequate when running hot water in a pipe in the farthest away part of the apt building from boiler room.

The lower the better like Brian T. said.I saw a formula on here somewhere that said a good idea for your assignment fee is 10% of the buyer's profit assuming the buyer makes 20% profit off of your ARV, but I cannot say whether or not this applies to any or all buyers and I would think the assignment fee would be totally up to you.

If you don’t feel comfortable or all the changes you need done or the timeline that can get expensive fast.

Ok BP universe.I really need help on this one or I’m going to lose my mind.This post is aimed specifically at the people who are very familiar with either JV funding/ Partnerships, private money or all 3.The names and details have been slightly changed to protect the innocent (and also so I don’t possibly violate my non-disclosure).  

Christy,Do you invest just in Murfreesboro or all over Nashville.Joe Gore