Yes, a new $urvey would be performed first.I just need to know whether I'd be taking a big loss with the new fence.

I also do contract for deed, low closing costs but I strongly suggest you close a CFD at an attorneys office (gives feeling of official and legal,,, which it is).Have a written contract for performance, quartlerly inspections and penalties if no work or poor quality.The summary is:  these rarely work out. 

You can generally perform a no-cash out refi immediately upon closing. 

The architectural style of the house makes it challenging to put gutters around the front roofline  due to some overhangs ( 2 on each side of the house that goes straight out in a rectangular shape like an inverted U shape but with sharp straight corners and there’s 1 middle overhang that’s like an inverted V shape that is also attached to the roofline and come straight out of the front so  rain water will come from those as the overhang covers a portion of the front and will kind of serve as an extension of the roofline. 

@Michael TungHi Michael,Yes in theory a foreigner can do a 1031 exchange for US purposes, but the issue arises in the country of residence.If you are a tax resident of Canada for example while you can perform a 1031 exchange In the US it does not make sense as you would still need to report the gain on your Canadian tax return.

The case law (including both “Section 162 case law” and especially “non-Section 162 case law” pretty much said the following:1) Work performed by others for you counts towards determining whether or not you have a business.

Our conclusion is also not surprising; if you want a high yielding performing note then negotiate a deal with the delinquent borrower before you purchase the note (if you can’t then don’t purchase the note!)

For example, I do know that framing isn't a long project so I knew that he wasn't performing there but he would give me reasons for certain things not being done and explaining why it would take longer and I wasn't sure if they were valid or not. 

Per extensive research on the property the mortgage that is being foreclosed on was taken out in 2004 for 106K.

Cap rate is a fairly useless measurement in deciding how much to pay for a property or how well it will perform.