Just make sure you do your hometwork on the employment trends, recession data, regional growth, etc. 

Maybe PM me and we can figure out if there'd be any usefulness to an intro.If nothing else it may be a data point on the investor side of things, especially folks that are a little new to it.

Until then collect every single penny that you can from her.

Let’s assume it rents for 3k/month 25 years down the road.... 5 years collecting rent you’re at the break even point.

If your value and rents go up over time then you come out financial far ahead of the person that succumbed to the trap of "financial security means collecting rental income from a free and clear asset."

From there you can find which websites compile all the data for you.

Through all your collective responses I've decided not to make an offer on the property. 

Show separately for 2017 and the 3 preceding years: gross sales, cost of goods sold, gross profit, percentage of gross profit to gross sales, amounts collected, and gross profit on amounts collected.It seems, after reading this, that your solution would be the correct one - enter the gross profit for each year on Line 1 of Schedule C with a separate statement attached to the return describing the installment sale and how you arrived at the gross profit. 

I had them sign paperwork surrendering the keys, their tenancy, and stating all property left behind is of no value to them and can be discarded at their expense.We had a spoken agreement that the jet ski was important to him and he will come collect it.

I know that these properties continue to collect liens from the city for different infractions (needs cleaning, boards on windows, etc.).