Even if he has to show the seller your offer by law, he will advise the seller not to consider it without proper POF.Additionally, when POF is a given in transactions nowadays, not providing any POF raises so many red flags, the seller would literally be stupid to execute the contract.I think @Annie Bliss gave you the best advice so far if you really have a great deal.

That was helpful but I believe I need to report the remodeling costs now not when I sell as advised by Matt.We have a continuing discussion about this and I believe the rules for 2014 changed as well, so you really need to seek proper advice.However, the discussion we've had goes along the lines of whether we made a repair or replaced something, as to whether we can take the deduction.

Do it on a warm day so the cement can seal up properly and you can enjoy the sun. 

Let me start with some facts before having questions for you guys.I am thinking to have a mortgage for my first 1-bedroom apartment properly about $180k in Center City Philadelphia.

Anyway, I run my business as legally as possible and I would get the proper permits and rental licenses and everything you need and be up to code.  

You'll need to learn how to put together a proper cashflow statement etc., but you'll find lots of that kind of education here. 

It sure is interesting, don't know if we will find out any other details.I guess we are just happy our offer was legitimate and accepted.Roller Coaster Ride was no extra charge.But honestly, it makes things difficult if you are doing what you can to obtain housing and your offers aren't properly considered, we had no idea what was going to happen the second time around. 

And how can you be enough of an expert in so many asset classes (SFR flips, office buildings, MHP, hotels, apartments, etc...) that you can do proper due diligence on each deal?  

How do we properly set up a proper syndication to acquire rental units? 

I would assume for 30,000 a month in rent an attorney was used but you never know.You have NNN leases, gross leases, and on and on so this is very important.Is the sensor not working properly in the faucets??