. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

The only thing I can think of is trying to offer the daughter cash for keys for a quit claim deed if I’m using those terms correctly.

As I work through some of the IRS worksheets, I am wondering whether it is normal that there is a difference in the fraction of depreciation one takes on a rental property that was only rented for part of the year, and for deductible expenses incurred during that same year, if the property was idle for a period of time.For example, if I rented out an apartment for the first eight months, then the apartment was vacant for the remainder of the year (needed some work that I did not have time for), would I be able to claim 100% of the depreciation, but only 2/3 of the deductible expenses for that year ?

Hopefully for their good, the realtor is claiming all the income on his taxes.

.- You may have a risk of a litigation after buying on your hands, IF a homeowner claims a wrongful foreclosure or similar dispute with the lender.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Hello @Shabreya Bangura - I won't claim "best", but I've closed both business and personal (Purchase, Refi and HELOC) loans with M&F Bank and United Community Bank (formerly Four Oaks Bank) in Raleigh.

If you valued the deal at 100% occupancy, then you have a very unrealistic expectation of how this business works. 

It was a pretty straight forward breach of contract claim.

My questions are:Would we be able to claim residency in the state of Ohio while living in CT full time with an established LLC here?