I'm not sure what fees you have.I purchased a lease option couse years ago from Wendy Patton http://www.wendypatton.com/store/ years ago.

The income is ordinary income because you are like a retail store pulling property off your store shelf.Inventory is not eligible for special capital gains treatment.You also will be subject to self employment tax on the net income from the business.

Hopefully I can give it a go at one of the local Microsoft stores.

I own a liquor store in Daly City free and clear with my brother.

Stores like Walgreen's, Rite Aid need much larger lots for stand alone buildings, which usually have drive through windows, etc., and they do have very specific criteria for their stores.

Hey Alex welcome aboard bud.As far as value, bottom line is, you need to know your market, that should tell you a lot of the story.Estimating repairs is an art that if you are not and have not been in the construction fields will take time to learn, get some contractor quotes, ask questions and then take some walks around your big box home repair stores looking over materials and prices for what your current projects are.

But I'd love to see what the next one has in store..I'll definitely hit you up next time I'm down in that neighborhood.

Management Agent may collect a charge for packing, removing, or storing property seized in addition to any other amounts the Managing Agent is entitled to receive.

Thanks both of these answers helped alot, listen to this scenario i was thinking of wholesaling until i save up 50k and invest into some rental property and maybe a dollar store or tire shop how does this sound to you?

Do your friends wear Tracksuits and hang out in front of the Pork Store?