You'll have to find some other way to cover the down payment, closing costs, and other costs.Another alternative is to do hard money or some other sort of rehab loan to get into the property, then fix it up, lease it up, and refi.

REO's are usually sold without any sort of property disclosure.

Originally posted by @George Jan:@Will Barnard, @J ScottIt would be  possible that I misunderstood J, but he said "This 50% calculation doesn't include taxes, depreciation..." and depreciation is sort of an equivalent for capex. 

To answer the question from phcapital, yes, you do get tax benefits of depreciation with a TIC as well as regular income distributions from rents.As stated earlier, they are ideal for someone who wants to have ownership of larger scale retail centers or office buildings they otherwise would not have access to with the amount of capital you have to invest.The only tricky part about them is the exit, which was also stated earlier.

If you have your own money, or some other sort of financing (e.g., subject to, rehab loan from a bank) your money costs may be less.As you hold it you'll be paying for utilities, taxes, and insurance.

My name is John and Im sort of a new person here on the forums.

I have a couple questions.Does anyone have experience with some sort of agriculture agreement with the county/state that allows for a tax free property in exchange for a promise to not develop said property for X number of years.

Im looking into purchasing a fourplex(well not me, my mom is,i cant exactly purchase a property)but its going to have about 525 a month positive cashflow, and ill be flipping that under a 1031 to buy a larger property,

Josh tells me that many are being sorted so things should get even better with a bit more time.I would still like the ability to tune or otherwise adjust my preferences.

I would specify that larger repairs are not included in mgmt.