If there are problems with the existing boundary lines, and the neighbors are encroaching on this property, then this will give the neighbors all of the right in the world to file a legal claim for adverse possession.

Meaning as soon as i take possession, list the property for rent while the work is being performed.The major downside of using a 203K loan for rehab is that you cannot do any of the work yourself as you must submit invoices.

Hey @Drew Bursey,Prices in Ottawa have been creaping up to levels of madness recently, I closed on my second property 2 weeks ago and before even taking possession the value went up 30k.

I would ask for more information about 'possession of a firearm" . 

Says in the past they have filed a court appeal to return my money to me and preserve the title for him.First question:  Do I have possession by virtue of the payment and receipt and court action?  

I am thankful to possess all three.

Plaintiffs are informed and believe and allege thereon that Defendants knew they were not going give back all tax liens/tax deeds Plaintiff purchased that were not redeemed when they executed the document, or they concealed the material fact that Defendants were no longer in possession of such tax liens/tax deeds or that what they had been holding onto were no longer worth anything of value when they executed the agreement.

But they may fear what may happen after they take possession and we aren't there to provide solutions.

If you bought a good duplex/location, you could/should have specified that the property was vacant when you took possession and verified same. 

Other issues aside, once you take possession of the funds, it's taxable.