There is no downside to appealing your taxes and there is a very good chance you will win.

Well, most of the time (maybe all of the time) you're buying HUD houses "as-is" and you're not really using the presumed condition of the plumbing as a bargaining chip.

I think insurance will want you to replace the electrical, and if you're in Florida, they make you change the hot water heaters if they're older than 15 years.You're buying on pro forma, but you're borrowing on actuals.

Often times, they are renting until the can buy something whereas B class tenants are often renters for life.

If your LLCs do not file their own tax return and all of the activity of the property is reported on your personal tax return then you can sell as the LLC and buy as yourself. 

The best advice is don't buy STR's...

I wouldn't touch the <100k properties...if you're looking to build long-term wealth.There's a good chance they will burn you.

Does anyone have a template to use to create a P&S doc when you're buying a property subject to?

The research I've been able to do so far says a new contract is likely preferred so that it gives me a chance to update the contract anyways but just wanted to get people's thoughts.

There is also no open house for this property, I would have to buy it sight unseen.