I've been analyzing deals all over the country for the past month or so.I've also been saving up some cash over time and have been trying to decide the best way to use it.But I guess you could say I'm in a state of analysis paralysis LOL.

@Bryan DavidsonI agree with Russell.First you probably will need to get an attorney and there goes well more than $600.This is “chalk it up to learning” and next time ask for receipt and photos of what was done for the repair

There should be no point in time when you are working together and agreeing on the future of the business.  

If successful, you would have just used your deductions against fictitious income.Anyway, still agree you should talk to tax professional about how/if you can use home expenses.

Derek, I agree with Bruce, I have not and will not pay a contractor to give me a bid.

Hi Mason, I completely agree! 

And that doesn’t mention the variety of illegal and dubiously legal schemes they’ve engaged in over the years.But of late, an almost bipartisan chorus has emerged amongst critics of high finance: Wall Street is buying up houses across the country to drive up prices and making homeownership unaffordable for most Americans.Senator Elizabeth Warren, like many Democrats, accuses Wall Street of “hoovering up a significant chunk of the housing market.”But many Republicans have also been saying similar things.

And then eventually we'd like to get some short term rentals in a few ideal places around the country that we can have occasionally for personal use.Oh, and the student loan debt.

I agree an attorney would be a great idea, but what I've found with my own parents is they use their "old friend who's been an attorney for 47 years" who doesn't know jack about real estate.First, I you've come to the right place, please try to find an attorney on this forum who has knowledge and experience on the subject.

We’re discussing seller financing as well with the seller but at this point, we’re not agreeing on terms.