Adding capital appreciation of 3%, Joe and Mike would make 7%, 11%, or 17% of their 10,000 while Bob would make the same plus principal reduction on the mortgage while getting his 20,000 down payment out for use in the next venture.

By doing (and documenting) extensive renovations on the front end to the properties, it raises the initial price, but we are seeing a drastic reduction in deferred maintenance and holding costs.Lastly, this particular property is being purchased by an investor for $47 per square foot after all costs which is an extremely good deal.

Because it's just smart business and a good risk reduction policy. if you're not required as an owner; RUN...YOU'RE AT RISK... 

The Inflation Reduction Act (IRA) of 2022 was signed into law on August 16, 2022 by President Biden.It’s a $737 billion investment that according to two of the senators has a goal to “fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.”

**The rate above is going to be after 5 years FHLB (2%-4%...depending on index) PLUS 3.25% so best case scenario is 5.25%-7.25%...its a huge variable on the FHLB..also my payment remains near same but my PRINCIPAL reduction gets cut into half due to interest rate hike @ 5 years contingency...Given my Fixed rate (7) year term @ 4.35% gives me the expectancy principal reduction & payment amount..

Also if i were you i would push your agent to do a big brokers open with the big price reduction.

Basically the IRS considers both cash in your pocket and debt reduction to be 'boot'.

In the contract you can include bonuses for completion done before the deadline and reductions for each day it is not complete after the deadline.  

Sometimes they come out with an unrealistically high price and it can take months of slow price reductions before they get to the price point investors are looking for.

thanks Michael, you know I thought of doing that, my only concern was if some bought it who liked the pool, they would be looking for that fill in money in the form of a price reduction to them.