That brought the price down with the broker.To find out about an area go to IREM.org search for ARM certified property managers.

@Doreen Chaisson and @Loren Whitney you guys seem to be the experts in this area and I have a follow up question for you.

Underwrite the tenant buyer.2) Any rent credits more than 20% will have the IRS determine this is not a lease option but a disguised installment sale.Now Texas has different laws and @John Jackson is this board's expert on Texas Lease Options.As to the OPs question, what incentive are rent credits? 

I'm not an Investing expert but I do know that adding those items ( especially the plumbing and boiler ) will make a residential real estate appraiser not ask to do a 442 or 1004D if a buyer is looking to buy with a conventional loan.A 1004 D or 442 means that the appraiser is saying something isn't up to par per fannie, fha or freddie guides and he/she will return ( at a cost ) when the items are done. 

I'm by no means an expert in the field of real estate investing, but I have been learning quite a bit thanks to BiggerPockets.

Expert advice is needed urgently , thanks everyone on bigger pockets for your support.

Account Closed Many others also provided their expert advice on rehab costs and how to deal with the pre-probate issue.

Sounds to me like you're going to need to get some expert tax advice on this one.

Now I am no expert but like I mentioned Sean Terry before if you want to wholesale properties go to http://www.flip2freedom.com/ and scroll down to where you can put your email in and then you will get access to Sean's free 129 page book that seriously holds nothing back and tells you step by step how to wholesale.

If you have any questions about the Inland Empire or investing out here I'd be happy to be your expert.