They will try to sell you whatever they can find.I think the philosophy is that if they keep throwing a bunch of "deals" at you, eventually you will like one and they can finally make some money off of you.My suggestion is that you stop thinking about buying until after you teach yourself what property values are in your area, and have at least a vague idea of what repairs cost-- or at least be able to recognize that a repair needs to be done.Real estate is a business where a lot of people will try to take your money away from you.

Would talk with an expierenced CPA to make sure you are in the clear with the IRS and a Lawyer to make sure your actions will not break the corporate veil and expose you to personal legal and financial risk.As for corporate structure for the Property Management the CalBRE does not recognize an LLC.

At the same time, PA Courts also recognize that --- for the greater public good --- municipalities need the ability to collect delinquent taxes.

@Mike Ballew Im sorry you are having such a hard time at it .. maybe , just maybe because you are cautious ( which is a good thing unless you are to cautious ) maybe .. deals slip away while you try to decide whether to move forward on them .. in this market , there are deal out there .. you just have to know how to recognize them and act as fast as a mouse ..or a mouse trap ..

. $29M / 12 months / 4 units = $604 monthly cash flow / rentable unit.I recognize this is a somewhat futile exercise as you're comparing apples to oranges, but:If you are looking to hold this property long term and you look at it on a strictly cash flow basis...

@Jaquette GreenUnless you have allot of construction experience and can recognize termites, previous water damage, what wiring is ok vs bad, etc I would get an inspection.I've seen hundreds of houses and I still get inspections because they always find things I miss even if it's minor.For Instance, I recently learned not all knob and tube is bad and it was used in some cities into the 1980s!

If you skip the plans and permit for this (which will need to have both architectural and structural plans), you will not be able to have the added space recognized on title.

I don't believe they are recognized in our treaty. 

How long do you wait to set up the appointment from the time you get the call and recognize its a good candidate until the actual appointment?

However, what you cannot do is force a bank to recognize that valuation.