@Daniel Baker I would say a lot of it is based on their training or their resources that they utilize to complete your taxes.

@Gene D StephensAdverse possession laws vary by state. 

There are some DSR Rehab lenders that may lend based on ARV.Otherwise, you'll need to raise funds from family & friends.

Hi @Wesley Peixoto - I’m an agent based in Fairfield County, and I’d love the opportunity to connect with you.

My feedback based on what I would do is hold the house. 

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

@Mordechai ChaimovitzGreat points made above along with what @Daniel C. said referencing @Tom Shallcross's post on another thread.The context and variables for each individual investor will vary but many people are comfortable with getting a 2-4 unit that will reduce their out of pocket expense compared to their previous rent with the intent to do rehab and raise rents over time.

Also not all deals on FB are bad deals - they just need to be vetted like every other deal.Note: This post is being made based on my opinion and I was not under duress or a threat of lawsuit.  

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

Minimum $100,000 rehab based on my 10 minutes of inspection, shingles missing, foundation problems, cracked tile in house, cracked drywall joints everywhere in the house, rotting deck in backyard etc....