If you take the $653K out of loans and put it in the cash line there would be no change to the total adjusted tax basis and therefore capital gains would be the same.

I'd do it on a terms deal. 3yr in total. 

Maybe 1500 other closing costs, so 6k total. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Or if its a total bummer your client does not blow due diligence money on something that is not going to close.. this is very common when working with wholesalers who dont want to spend money on anything.

Based upon the cost seg studies of my clients, a building will typically yield 25-30% of the total cost that can be segregated into personal property and land improvements.

Obviously, there are properties that don't have any sort of wow factor from the outside.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

And last but not least, I would absolutely and totally avoid HOA-based properties.

Total turnaround time can be within the same month if you start at the beginning of the month, but don't be surprised if it continues into the next month.S8 in my area outsources the inspections.