BiggerPockets also has a "Tools" tab above, hover your cursor over it and click "FilePlace"... here they have templates and documents that you might be able to search through and find what you're looking for.Once you have the LOI (otherwise known as an offer binder, offer sheet, deal sheet, etc), all you have to do is outline the terms of your offer: Proposed purchase price; deposit amount; total down payment; method of payment (cash, mortgage); contingencies (inspection, appraisal, etc); proposed contract date; proposed closing date and anything else outlined on the form or anything else you'd like to include. 

Just put in a contingency for an acceptable appraisal.If your concern is whether it ia good deal put a contingency in for a due dillegence period and ask for all appropriate documents to verify income and expenses.

If it is - you should expect to be in a higher tax bracket once you start taking money out of your 401K and receiving social security.If you are not in need of cash - You may want to consider delay receiving social security.

You will be tipped off and rewarded.You need to give before receiving help. 

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

If you take it subject to then you can seller finance it to him on a land contract for his existing financing.Check with a local real estate attorney to make sure all the documents are in order.If he needs to refinance to create lower payments then that would fall on you if you take it subject to.

You'll qualify for more mortgages if you only have one spouse's name on title and mortgage.Once you have multiple properties it also makes life easier when one spouse applies for another mortgage... you only have to supply documents for the one spouse and their properties.

It just keeps everything clean from a tax standpoint, all business reported in one place then you each receive a K-1 that gets reported on your personal taxes. 

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal. 

Good morning,as I am very small I am trying to fill my tax return for my duplex by myself.The IRS documentation seems clear but not on houses depreciation.My doubts are:1) Should I start using depreciation from the first year even if I do not need it in that year, or I can use it when it is needed?