If you relied on comparable recent Sales, this could be a major mistake for many, many reasons.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

Just like the police, the IRS uses some of the 8 essential elements of a crime, mental state (intent) being #1 on that list.

I know evicting specific peoples isn't allowed and addresses have to legally be split up (compared with just writing 1/2 etc on the mailboxes). so I am curious is it a possibility and if so/not what are the general steps/guidelines to do so.

Hey Rudy Brown,As long as it's in line with the comps, and I mean you are comparing apples to apples, I don't see why you wouldn't want to pursue further.

If your margins are tight and your market changes or if your development is too unique for you neighborhood that there are no comparables, you could stand to get into trouble.Goo luck.

Your plan has a lot of positive elements to it - I do see a few things that may not be necessary or work as well as you think.1.

•Expected rent is around INR. 12000 to 13000 month.Second property•Located in an area which is also developing but not as fast as compare to 1st.

On the buy side, I'd say 20% of all my purchases have had some element of seller carryback or installment agreement.

It is certainly nice to be able to negotiate flexible terms but it seems to me your purchase price plus repairs compared to the ARV is a little tight so I'm not sure the numbers work as a flip.

The two of these sort of deals I'm in had a significant amount of paperwork, comparable to closing on a house, when the money actually changed hands.