This may have to be recorded as a part sale-part gift then if your parents are not going to charge full fair market value. 

Kenosha and Racine property taxes are still fairly high compared to the rest of the country though, something to watch for when looking at rental properties.  

seems it would be a bit of a legal nightmare- what can an investor do to ensure this cant happen?

And then buy houses if you want to be a landlord or invest in a number of syndications (in a different asset classes) to ensure you have a diversified portfolio.

Hello everyone new to the BiggerPockets forum & community and fairly new to real estate as well, but Fortunate enough I came across not one but TWO Wholesale Deals.

Hello everyone new to the BiggerPockets forum & community and fairly new to real estate as well, but Fortunate enough I came across not one but TWO Wholesale Deals.

I do know a couple who owns 2 condos on Okaloosa Island and do fairly well. 

banks have to hedge to ensure they dont lose money when rates go up. hence they charge for rare extensionon new constructions its preferred not to lock rate until its ready for possession. if you dont need to pay for rate lock extension if you walk away, suggest you go with new bank. 2 weeks is too short for a large bank to get ur loan ready to close.

If you own commercial properties as a business you may be able to claim the ITC under section 48, but it would be important to ensure that the properties are zoned commercial and have commercial meters (not residential) and in this case the tax credit would apply to the businesses taxes not your personal taxes.

If you own commercial properties as a business you may be able to claim the ITC under section 48, but it would be important to ensure that the properties are zoned commercial and have commercial meters (not residential) and in this case the tax credit would apply to the businesses taxes not your personal taxes.