In 2017, I paid appraisal and credit report fees in 2017 for a rental property that I closed in early 2018 and I put in an EMD on another rental property which was returned in 2018 due to title issues.

The breed, size, age and gender of dog should be considered when determining the Pet Fee and the Dog Addendum you have in the lease Ask the tenants to obtain a Joint Tri-merged Mortgage Credit Report. 

If they don't, that is good and bad news.

I will update when more news happens!

The things I see...1) If it was in the inspection report, and the agreement didn't call for the previous owner to repair it or file an insurance claim, and of course it wasn't repaired, why would the owner do so now?

I'd be gearing up to move them out and find new tenants or at the very least keep them on an extremely short leash....although I'd be happy if you reported back in 6 months and told me I'm wrong.

Just want everyone's opinion if we should get any of the following inspections done before closing:1) soil sampling / testing2) Survey 3) Well Report (we will be using city water)4) Title, Zoning and Usageor anything else you might think of.We have bought houses in the past, but this if the first time we are buying land for a future build.

Profit $30,000 on $150,000 Total project The report shows " Total Personal Cash Invested " However since I am borrowing the money , my cash invested is only approx 25% of Total Cash In , plus of course holding costs , etc..

Lending and flipping (if you profit) will give you additional ordinary and interest income to report.

@Surendra Chawla and others, for the Phoenix metro area, I found a very useful resource called the Cromford Index.This is put together by ASU's Head of the Real Estate Dept (Prof Michael Orr).http://getyourphx.com/refresher-the-cromford-report/http://cromfordreport.com/index.htmlThis seems to be a very unique and highly useful index specific and limited only to Phoenix area.https://www.youtube.com/watch?