Taxes are irrelevant too, as many of these owners operate their business as all cash.Send me a message if you would like some help getting a handle on your numbers, I'll help you with ways to get the basic foundation of your business in order.Regards,Nicki.

It should be pretty simple with your employment position but I would look at the possibility of reducing my mortgage payment and try to save up 3 if not 6 months of paying all of your expenses and change your mindset and do not be a big spender any more and only take anymore debt that does not make you money.As far as new investments go I would look at possibility of taking a home equity loan. 

Joshua:If you want to know how to correctly fill out forms and handle your double closing, those are questions to ask of your closing attorney.

Sounds like your AC unit is doing its job and an upgraded one probably wouldn't change things other than reducing the utility bills.

However, if I reduce all the reserves to $0, then I get about $500 cash flow.  

The list price is just way too high, especially for investors, so the only real competition is OO bidders like myself.After reading valuable info in this forum, and cross-referencing reduced property prices on HUD Homestore against Zillow, I know that 10% for the first reduction is an accurate figure for the area I'm looking in.

If a toilet is running but not running over, I figure they should be able to wiggle the handle. 

So I was just wondering, I don't know if it matters that I'm in PA, but after I get a house under contract for wholesaling, do I take that to a title company so they know I'm buying it or do I wait till I have a buyer that is for sure buying and I get him to sign my end buyer contract, then take both of them to the title company and they'll handle it from there? 

Any way to reduce the distribution amount to account for repairs and property taxes over the years?

The Service is aggressive when it comes to the practice of basis swapping and the fact that the parent wants to sell at a discount and declare tax will need to handled delicately by their CPA.