I have held a real estate since 1980 & I have also originated mortgage loans since 1990.In 2013 I began investing in real estate "paper"...ie.

He works in sheet metal fabrication, so I know he will use it a lot, but it is just a strange request.   

Rul. 200403049, the IRS held that the hostility of neighbors qualified as unforeseen circumstances resulting in the availability of a partial gain exclusion.

I'll add too that if you use PEX, get the metal connectors instead of the plastic. 

The thing that is so heart breaking is that my oldest daughters cat is an emotional support pet so now she shakes so much that she doesn't want to be held by her anymore.

You're billing them for insurance, repairs, safekeeping, taxes during the time you held it and paid, right?

But if you own a property that you have held with the intent of productive use then that property qualifies whether or not you are a flipper by trade. 

I basically need to be held accountable.

On a positive note, if you buy a multi-family apartment that big there are non-recourse loans available, which means you can't be held liable, or go bankrupt, from the debt!

It looked like they held the NFR bullriding competition in the place.In my opinion, the real problem with payments made that far in advance is the elimination of any need for management or the owner to check in on the property.