Even though it was turnkey, we still found issues with the contracting work that was done and was able to get the seller to address those major issues even though it was being sold as-is.

The proforma includes some basic tax benefits but it doesn't seem like anything major. 

Licencing is also a major concern.

Majority of the time the property is vacant so I send them the combo on a case by case basis and the rest is history.

What's even worse is I'm told that I'm likely to get audited by the Japan tax authorities because I've listed a previously cash producing asset as suddenly having a gross income of $0 for the entirety of 2017, which is seen as a major red flag.Does anyone have any recommendations for what actions I can and should take given my situation? 

Looking at a few a off-market properties it seems like the smaller ones in good areas have great potential, but only for major rehabs - simple floor and paint jobs just don't have margins to make sense. 

He suggested getting on facebook as a major means of marketing. 

For example, you can hold $7000 in an emergency fund, that would cover most major things.

with fix and flip you let buyer do home inspection.. and call what repairs they want.although you do need to do a sellers disclosure so technically if you think its a major item it should be disclosed.. but if its in a hot enough area of PDX then you can sell as is.. but make your disclosure so you don't have trouble after the fact.Portland right now is a very tough market to flip in.. wholesale prices are so competitive one little bump in the road and your profit gets eaten up.. good luck

Trader Joes 5 minutes, WF 10 minutes walk, so is a major university.