CA put some strict copper theft rules in place.. 

Hi Everyone,I recently started following this great forum and community. 

I would not do this deal for the following reasons:-Austin has had a tremendous run and while I do not see a huge downturn, I do not see how the run can continue at this level-Huge number of rental units coming on line that will bring down occupancy levels and rents will follow-Your $160 per month HOA fee WILL jump once the complex is sold out. 

Once you have the conversation started, follow your Landlords lead with what he says to continue the conversation.I would suggest presenting him with a few offers to give him options between 3 or more offers rather than the option to say yes or no. 

It is due to close tomorrow and a tenant eviction hearing is the following day and there is no security deposit in place for the problem unit.  

@Darren Lenick or anyone else following this thread with interest in NW Orange and Lake Counties feel free to come if in the area whenever we eventually decide on a day that works for all. 

I can provide you with more info on that and give you a referral to a good attorney specializing in asset protection and partnership structuring.Before proceeding, I suggest to have all or most of following questions clarified:Joint Ventures – checklist / questionnaireBefore you can start to set up the legal framework, there are various issues that need to be addressed.

The rest of my depreciation (the leftover $30,000, that's $40,000 - $10,000) will follow along with the new property I purchased.  

No closing, origination or 3rd party fees.So I see it as follows.

The gap between the ARV and buy price is very low, a key principle I follow is if that gap is $120k so that there’s more profits for you as the wholesaler and for the rehabber.