But these tenants entered into a contract and now they aren't fulfilling their obligations--that's their problem, not yours.

That simply proves the lenders aren't terribly concerned about looking for properties changing hands.

We need to enter information such as the start and end date of each lease which is not possible in QuickBooks.

Does the current occupant need to come up with the funds to pay off all of the existing debt or do they simply need to come up with $60k to redeem?

If an issue comes up five years later and you were not insured you could have a bill to pay having been in the chain of title.I suggest you simply assign your contract if you can and stay off title but if you close, get a search done.

On a one-off basis, a rental property qualifies at about $100k, will see about $5k in federal tax savings, and the fee will be $1500.Bryan Hancock, you obviously haven't dealt with a reputable firm, or 300% ROIs simply don't whet your appetite...either way, your pencils need sharpening.

It may cost you a few more dollars, but you can simply state that in your offer.

I don't want to rely on myself to enter odometer readings, if I can help it.

I am trying to figure on costs of rehab as well as what to offer on home - ( I would reside in Home there after as owner occupant ) it needs the following from what i can see.. x2 for two floors/ apts- 43 replacement windows- 43 Square of Roof- a Rather Large Tree Limbs Hanging over roof cut- 4 Exterior Doors with storm doors- 6 Exterior doors with no storm doors- Raise Porch Rails to code ( another ft or so ) Porch in front is 50 ft & rear Porches 30 ft- Fix Front wooden stairs @ 5-6 ft wide- Fix Water entering basement thru Bull Ked ( add a drain or pour concrete )- Pour Concrete in Three car garage floor ( is dirt now )- Needs Heating & Hot water, and baseboard heat up two floors ( two new furnaces and FHW baseboard brought up two stories )- Electrical service upgrade from 60 amps old knob and tub to breakers and also bring up two floors adding new elec service in whole building adding plugs in all rooms plus washer and dryer hookups - 2 Panels, and move it to outside from basement..- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

Same risks.Lots you can do... you can simply birddog if you want to, no risk there.What are your goals?