I do of course also check google about upcoming constructions, big business moves, and basically any local information. 

@Dmitriy Fomichenko @George Blower @Bernard ReiszIs there an IRS regulation or tax court case that points to the requirement to get a qualified appraisal in advance of an in-kind distribution from a retirement plan? 

The list is several pages long and basically protects the landlord at every turn.

Thanks for the tip @Lance Lvovsky Any other ideas on how I should go about determining a cost basis when there's basically nothing to go by except perhaps performing a present value calculation based on inflation?

We have done a final walk thru yesterday at the house and seller told me that the 2nd floor tenant will be evicted and seller has a court order saying that the tenant must be leaving the house on 4/5/2018.

After purchase your basic steps are just rehab and list and then go through the buying process again but from the other side

So basically if an S corp's California income is $53,333 or less, it will only pay the $800 tax. 

Current owner would dispose of the property for actually  owed amount of both loans plus closings costs... so basically they will not see any proceeds and just want to get out from under it. 

@Abad MarroquinYes, 79k out of 80k used on a HELOC would hurt your score as your utilization would be 99% and basically once you get to 90% utilization, you're considered maxed out.

Tenant screening: Hi everybody, was going over background check for applicant and while looking up a judgment in the circuit courts i notice three cases against him first one was in 2008 for carrying a firearm at the age of 18, second one was for a DWI in 2010, and third one was for a pending trial that is for DWI and carrying a firearm in 2017.currently the applicant meets all my minimum qualifications and am not sure if i can legally deny him due to my finding.