Many of these individuals are currently renting apartments or living with their folks.

The trash was not being covered and individuals had to provide their own trash can.

Often discussed but don't individual markets have a bearing on the Ratio?

No if it's priced right it's a steal for most buyers.The fact the you mention THE RIGHT buyer indicates it is overpriced and the seller is wanting you to find THE ONE buyer who will pay top market for it.So it is either a steal or it is not.Usually that market is slow moving as those are move up homes and many buyers are underwater in their current homes.Research in your area WHAT IS SELLING.I focus on what buyer are wanting to buy in the marketplace and NOT what sellers are wanting to sell.Your MLS will have data on what product type is moving.Expensive homes have a bunch of outlay in marketing costs so the listing should not be taken lightly.Some friends that have been selling upper end homes for years provide basic marketing and anything additional make the seller pay for it and keep the receipts.Then when it sells they credit the seller off of their commission.This way if the seller wants to take off the market early or change brokers/agents and not give you the average marketing time to sell it they are out the money and not you.It makes the seller think long and hard about correct pricing when it is THEIR money on the line.

But they did have custom websites which made it a little easier.I always liked working with partners because we can divide the labor & cover more ground together than individually.

To the first question regarding profits, it is regarded as Business income subject to self employment taxes.To the second question on short term capital gains - Yes, if the business is a pass through entity, then it follows the same rules as our individual tax return rules.

BirdDog - these are individuals that will look for houses for a flat finder’s fee.6.

If unable to properly serve the individuals, no money judgment is given, only possession of the property.

I can sort of see this because a score below 500 is usually indicative of some pretty serious, ongoing problems.

I'm 39 and work in the financial profession managing investment portfolios for wealthy individuals, trusts, pensions, etc.For quite a while, I have been interested in purchasing multi-unit properties for long-term hold.