Cash followed by a 30 year fixed once the property was completed and cash flowing How did you add value to the deal?

Seems like there's a big push by the state of MA to get more properties deleaded so hopefully that leads to a more transparent process in the future.

We got the inspection back today; the issues are as follows: mold beyond the surface mold we originally noticed when checking the house out, wood rot in left side floor, damaged roof joist, poor ventilation in the attic and mold, many of the chimney bricks are loose, standing water in crawlspace--potential mold, leaking shower and toilet leading to damaged floor/ceiling underneath, plumbing material issues, electrical not all properly grounded. 

A heloc could get your rehab done, push your value up, then if you refinanced at the higher value you could pull out more cash and pay off the heloc.

I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

I've followed up with a PM.

Hi BP,I've been following BP for a long time and my wife and I, finally, took the plunge and bought our first rental and now our second and couldn't have done it without the huge amount of great advice from this community. 

This could be a very dumb question with a very simple answer, but if someone could clarify for me.I've been going through numerous Notices of Tax Deed Applications to reach out to former owners of those properties.On some of the notices, next to a name it will say "EST" followed by "%" and another name.ex)Legal Title Holders:Michael Jordan EST% Dwayne WadeMy question is, what does the "EST" represent, and who is the legal former title holder?

I am interested in the following:1.

Tried to offer $270,000 cash.He said he would do the following:$100,000 cash.