Let me expand on what Al said.

Having your 1031 set up properly using QI, type of loan used, etc. goes to intent as well.

We are expanding our business from "buying and holding" properties to rehabs.

Hi All,My name is Dana and I'm new to this sort of thing, but eager to learn and get involved in investing in real estate.Just looking to expand my network here and figured this would be a good way to begin this venture.Nice to meet you all,Dana

This means putting some money upfront into some things a tenant won't pay you a nickle extra for, because they just expect things to work properly and safely.You can buy a bath lav faucet for $12.

So let me just expand for the BENEFIT OF FUTURE READERS and other newbies who think having a "mentor" is the be all and end all to becoming an investor.Why would you agree to a purchase price of $198K in a neighborhood of $90K to $145K houses?

A buyer may not be able to obtain financing if proper permits were not obtained etc.

It sounds like you're off to a good start, and I hope that BiggerPockets can help you continue to expand your investing career.Good luck and welcome to the site!

I talk to hundreds of people who talk the talk, but do nothing more than "gettting ready to get ready".Wholesaling real estate when done properly is a Low risk game.

IF the IRS has been properly notified by the foreclosing entity, the IRS can step in and REDEEM the property for the amount owed from the current title holder for a certain period of time.