I wanted to get the opinions of the experts.An established builder in the area has built single family homes and town homes in a new neighborhood.

Get a legal opinion and try to pin the risk to an attorney?

What is your opinion on this deal?

In my opinion the only thing that would come out of this is you paying additional taxes.

I would like to know what market your in that might change my opinion a little bit but usually I just tell people the money must migrate to where returns are better or you will be sorry in the long run.

In my opinion, in competitive investor market (like ours), the simpler the better.

If you spreadsheet it the finance rate is often more important than the purchase price in my opinion.

It was lower than the asking and the sellers initially were disappointed but when they saw their friends sitting for months and eventually a year they were real happy they took my advice.The fact is it costs money to sit on a property and it cost you buyers if you price it wrong...If you price it to low you will get multiple offers so in my opinion set the tone and price it aggressive and move on to the next deal.

As far as biggest benefit to RE investing another HUGE benefit in my opinion that is just as high up as the ability to leverage is the ability to actually have passive gains in the real world but be able to show a paper loss in the accounting world, again by the use of our friend called depreciation.

So in your opinion is this a good, fair or lousy deal??